Initial coin offerings are all the rage these days as cryptocurrencies continue to attract enthusiasts and speculative investors, but for each credible ICO, there may be at least 10 shady ones. The Securities and Exchange Commission has shut down numerous fraudulent ICOs over the last couple of years. Regulators have also been issuing guidance for investors who are captivated by cryptocurrencies and ICOs, but despite all the information that's available now, many investors are still being tricked by fraudulent ICOs.
So how can you tell if an ICO is a legitimate investment or a scam that just aims to steal your money? There are several things to look out for.
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