SEC sets up a fake ICO to warn naive investors against cryptocurrency scams

May 17, 2018 Neer Varshney


The US Securities and Exchange Commission (SEC) has come up with a creative way to educate naive investors against fake initial coin offerings (ICOs). On May 16, the government agency announced a brand new cryptocurrency, HoweyCoin, which promises to revolutionize the luxury travel industry. But here is the catch: the project was intentionally depicted as a blatant scam. The SEC has an opportunity you won’t want to miss: ACT NOW! https://t.co/Ggk8gypiHY — SEC_News (@SEC_News) May 16, 2018 The HoweyCoin website is filled with all the signs of a rushed-up ICO that has been devised specially for an exit scam. This includes a…

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