81% of Recent ICOs Were Scams, Research Finds

Four out of five initial coin offerings (ICOs) that have taken place in the last year have been classified as scams, according to a recent study by Satis Group, an ICO advisory firm. ICOs have been the rage of the cryptocurrency world because they allow companies to raise money for various ventures by issuing cryptocurrency tokens that users could buy and later trade on cryptocurrency exchanges.

https://www.bleepingcomputer.com/news/cryptocurrency/81-percent-of-recent-icos-were-scams-research-finds/