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Jason Tucker-Feltham, Founder London Crypto Services

78% of Cryptocurrency ICOs are Scams


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“Around 78% of Initial Coin Offerings are scams according to a Financial Conduct Authority consultation paper” says Jason Tucker-Feltham, Founder and Managing Director London Crypto Services Ltd. He tells Karla Reffold that high-profile hacking events are stifling the progress of the cryptocurrency industry – in 2018 over a billion dollars of cryptoassets were stolen through cybercrime. Individual investors face huge cyber threats and London Crypto Services was formed to improve the perception around cryptocurrency. The company offers third-party smart contract audits to ICO projects ahead of their token launch. The LCS audit approach includes a gap analysis between an ICO project’s white paper and project deliverables, providing a degree of confidence regarding ICO project intention and token security.