The SEC Launched a Fake ICO – Did You Fall for It?

The SEC launched a fake ICO website called HoweyCoins to educate the public on how to keep an eye out for fraudulent initial coin offerings.

The SEC Launched a Fake ICO, but Why?

HoweyCoins is meant to be an “all too good to be true investment opportunity” that shows how easy it is for scammers to set up something that looks believable.

“The rapid growth of the ‘ICO’ market, and its widespread promotion as a new investment opportunity, has provided fertile ground for bad actors to take advantage of our Main Street investors,” explained …

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