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Antitrust: Web3, DAOs, ICOs & Protocols

Rocketship.fm

CHAPTER

The One Coin Scam

Fake i cos are a big issue because they occur frequently in the cost investors millions. For example, bitcoin stole six millions from customers via one of these massed campaigns. There was also the one coin scam, where the founder exited and made off with ten billion dollars. Turned out that one coin wasn't even built on a block chain. It was just a sequel data base running a fake ledger. Buyers couldn't even pull out their investments.

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