最有看点的互联网金融门户

最有看点的互联网金融门户
全新的互联网金融模式区块链国际资讯

《华尔街日报》:15% 的ICO项目存在潜在风险

全新的互联网金融模式区块链国际资讯

《华尔街日报》:15% 的ICO项目存在潜在风险

《华尔街日报》最近进行的一项研究发现,在所有通过初始代币发行(ICO)方式进行募资的加密货币项目中,15% 的项目有“严重危险信号”——这意味着投资者应该立即放弃投资这些项目。华尔街日报的调查分析了 2017 年和 2018 年推出的 3300 种加密货币产品、以及初始代币发行项目白皮书,发现其中有 513 份白皮书存在问题,有的涉嫌存在剽窃行为,有的承诺了不切实际的回报,还有的甚至连项目创始人身份都是伪造的。

大量加密货币项目非常值得怀疑

《华尔街日报》审查了 ICOBench.com,Tokendata.io 和 ICORating.com 上列出的所有 3300 个项目的白皮书,为了识别是否存在剽窃行为,记者对所有白皮书中的句子进行了比较,旨在找出雷同的信息,结果发现有超过 10000 个句子不止一次重复出现。此外,《华尔街日报》的记者还搜索了这些白皮书中是否存在没有提供团队成员信息、以及团队成员是否使用了虚假的个人照片的问题。实际上,很多非法加密货币项目要么缺乏团队信息,要么披露欺诈性的团队成员、创始人或赞助商,这些也都是投资者(尤其是散户投资人)需要仔细审查的关键细节问题。

为了调查初始代币发行项目是否提供了不切实际的投资回报承诺,《华尔街日报》的记者对白皮书进行了营销术语的关键词搜索,这些关键词包括“高回报”等。然后,记者们进行了手动分析,确认这些项目白皮书中所谓的“不可错过的投资机会”都是不切实际的。

在 513 份有问题的初始代币发行项目白皮书中,有大约 30 多个已经受到了监管机构的审查,另外超过一半的项目网站已经无法运行。《华尔街日报》记者对这些项目网站手工执行了“ping”命令,以检测是否能够连接,结果发现超过 250 个网站都不可用了。

不仅如此,《华尔街日报》记者还联系了所有 513 个有问题的初始代币发行项目,希望他们能够对相关调查结果发布意见和评论,但很少有人愿意做出回应。

这样的结果并不令人意外

《华尔街日报》将波场(TRX)也标记为了“红旗”(即代表一种严重危险信号),而且声称其白皮书中部分内容涉嫌存在剽窃行为。目前,波场是 Coinmarketcap 上市值排名前十位的加密货币。

实际上,《华尔街日报》的调查结果并不令人意外,因为最近很多媒体也都报道了不少初始代币发行的负面新闻,而且监管机构也开始加大执法措施,对相关项目实施更为严格的监管审查。不可否认,很多初始代币发行项目都失败了,他们利用这种新型融资模式推出大量不可信的项目,其中不少项目都被认定为骗局。

Forrester Research 最近也发现,大多数初始代币发行无法创建可行的项目,而且也没有为如今的加密货币熊市做好充分准备。

另一方面,美国证券交易委员会(SEC)一直都在加强对涉嫌其中的初始代币发行项目进行打击。今年五月,美国和加拿大金融监管机构发现初始代币发行普遍存在欺诈行为,于是联合发起了名为“Crypto Sweep”的执法行动。最近,美国证券交易委员会还呼吁其他国家一起打击非法初始代币发行项目,因为许多项目公司地址位于美国境外,但却在美国本土吸引人们投资——这其实也是加密货币能在全球范围内进行交易的特质所引发出的问题。不仅如此,美国证券交易委员会还对一些推广欺诈性初始代币发行项目的名人进行了打击,要求这些项目代言人缴纳罚款并接受其他处罚。

问题会在 2019 年有所改变吗?

虽然很多初始代币发行项目存在问题,但也有一些真实的项目通过初始代币发行机制获得了资金支持,最典型的两个例子就是区块链智能手机 SIRIN Labs Finney 和区块链浏览器 Brave Browser,他们都发布了实实在在的产品。因此,需要特别澄清的是,初始代币发行融资机制并没有什么问题,有问题的其实还是人,欺诈者会利用任何一种新型投资手段实施诈骗活动,而不仅仅是加密货币。

近几周,美国证券交易委员会主席Jay Clayton也受到了多方批评,认为他对加密货币行业的做法过于严厉,这样会阻碍创新。很多业内人士都希望监管机构能够在 2019 年找到平衡,让可靠的项目继续创新,让欺诈项目受到严格审查且阻止其推广。

随着越来越多的监管机构开始关注初始代币发行问题,加密行业里的创业公司如今已经开始逐渐远离这种融资方式,尝试选择更传统的私募和风险投资渠道募集资金。

According to new research from the Wall Street Journal, more than 15% of crypto projects raising funds through initial coin offerings (ICOs) have serious red flags that should give investors pause. The investigation, which analyzed the whitepapers of 3,300 cryptocurrency offerings and ICOs launched in 2017 and 2018, found that 513 of them likely committed plagiarism, misrepresented the identities of project founders, or promised unrealistic returns.

Significant Number of Crypto Projects are Highly Questionable

The Wall Street Journal examined the white papers of all 3,300 projects which it found listed on ICOBench.com, Tokendata.io, and ICORating.com. To identify plagiarism, the reporters compared sentences in all the reports to find duplication, with reporters identifying over 10,000 sentences that appeared more than once. The papers were also searched to identify offerings where no team members were provided, and the publication reverse image searched photos to identify fake team listings. Lacking or fraudulent team, founder, or sponsor details have long been a red flag for illicit crypto projects and should be one of the first details an investor scrutinizes for accuracy.

To find “improbable” promises of returns the whitepapers were keyword searched for critical marketing terms like “high return” and then analyzed manually before reporters decided they were an unrealistic “can’t miss” opportunity.

Of the 513, over 30 are already under scrutiny by regulators, and over half of the project websites are unavailable. Each of the over 250 unavailable websites was pinged electronically and also checked manually.

Reporters reached out to all 513 flagged offerings for comment on the findings. Very few could be reached or chose to respond.

Unsurprising Results?

The Wall Street Journal results are hardly surprising given other recent reports on the ICO market and the intense regulatory scrutiny, and increasing measures, against offerings. It’s true that many ICOs have failed, many companies took advantage of a new funding model to launch less than credible projects and, many other projects have been judged scams.

Forrester Research recently found that most ICOs have struggled to produce viable projects or adequately prepare for a cryptocurrency bear market.

The US Securities and Exchange Commission (SEC) has been conducting an ever-increasing program of clampdowns on ICOs. In May, US and Canadian regulators launched “Operation Crypto Sweep” after concluding that fraud was widespread.

More recently the SEC has called for international support in continuing its enforcement as many ICO sponsors are located outside of the US but offer investment opportunities within the country. The global nature of cryptocurrencies is causing a similar problem in other regions. For the SEC, other recent measures including hitting celebrities who promoted ICO scams with fines and other enforcement actions.

Change Ahead for 2019?

That said, there are many very real projects to have been funded through an ICO mechanism, take the SIRIN Labs Finney and Brave Browser — both of which have produced working products — as examples. On the flip side, fraudsters take advantage of all trendy investment classes, not just cryptocurrency.

SEC chairman Jay Clayton has received criticism in recent weeks that his harsh approach is restricting innovation. There is hope that balance can be found in 2019, that credible projects will continue to innovate, and that the growing scrutiny on fraudulent offerings will begin to deter them.

With increased attention from regulators, crypto startups are already moving away from ICOs, seeking funding instead via more traditional routes of private and venture capital funding. Others are looking to a new model, the security token offering (STO), seeking to bring themselves into compliance rather than eschew it.

用微信扫描可以分享至好友和朋友圈

扫描二维码或搜索微信号“iweiyangx”
关注未央网官方微信公众号,获取互联网金融领域前沿资讯。

发表评论

发表评论

您的评论提交后会进行审核,审核通过的留言会展示在下方留言区域,请耐心等待。

评论

您的个人信息不会被公开,请放心填写! 标记为的是必填项

取消

SEC:ICO同意退款并登记为证券后,或可免除处罚

SEC | 巴比特资讯 6小时前

SEC再次就ICO投资风险发出警告

Cali Haan 8小时前

韩国政府下达ICO禁令

JD Alois 02-08

阿联酋:将于2019年上半年引入首次代币发行的监管规定

Adrian Zmu... | 巴比特资讯 2018-12-24

STO是币圈“伪命题”?境内等同变相ICO

趣识财经 2018-12-12

版权所有 © 清华大学五道口金融学院互联网金融实验室 | 京ICP备17044750号-1