Both laughter and sin: in China you can fabricate an ICO for just $600

Despite the fact that ICOs were banned in China six months ago, fabricating a crowdfunding campaign is not a problem. Copywriters continue to work in the country, who, for a nominal fee of only $600, are ready to provide all the necessary services, including even white paper

The Taobao platform contains dozens of advertisements with offers of this nature. It is likely that some of them may be closely associated with fraudulent companies that provided false information.

One of these advertisements suggests fabricating not only a white paper, but also falsifying records about the education and activities of the project team. They promise that no one on the Internet will suspect anything.

ICO Benebit worked according to a similar scheme. The campaign website featured photographs that were taken from a British school for boys.

The Chinese government is concerned about the current situation and asks users not to enter into transactions with scammers.

Recall that yesterday it became known that the Japanese exchange Coincheck returned everything to investors assets they lost after the platform was hacked.