Official Ted Blog

The ICO market has experienced phenomenal growth in the last 15 months. ICOs have opened up significant opportunities for startups by providing them with a simple way of raising funds compared to traditional venture capital. They offer a fast, low-cost option that does not require intermediaries. According to coinschedule.com, close to $5Billion has been raised in 2018. Due to its decentralized and open nature, the cryptocurrency world offers minimal protection to the players. Consequently, scammers and con artists have invaded the ICO market by introducing fake ICOs, wallet scams, email scams, and fake exchanges. Social media networks have a high number of users, making them natural grounds for the perpetuation of these frauds. A prime example is the Blocksims ICO – Blocksims stole the business model, and database content from a legitimate ICO, and have tried to pass it off as their own. People who invest in Blocksims ICO will soon find out they have been swin...

ICO, or initial coin offerings have been a hot commodity lately. Right before year’s end, Bitcoin, and blockchain technologies were the only thing you heard about; because of this, more companies are jumping into the online cryptocurrency market. However, with this also comes the potential for fraud and scams on the web, and there are quite a few to watch out for. So much so that the SEC (securities exchange commission), and federal government agencies, are warning those who are considering to purchase these ICO offerings, to think twice, and do their research to avoid a scam. These are a few signs to watch out for to avoid getting caught up in a scam, or fraudulent ICO. Guaranteed Profit Margin No company will ever guarantee you will turn a profit. Whether it is in stocks & bonds, commodities, even purchasing something that carries virtually no risk, like a bank CD. If a company guarantees you are going to make profits, and makes outright claims of how much...

Watch how Blocksims is using a Russian serial killer to promote their scam ICO! This is no joke, they are actually creating fake profiles of team members for their ICO, and fake pictures and profiles to promote their scam on forums all over the internet. Blocksims ICO Scam

ICOs have provided an avenue through which the general public can invest in Blockchain ventures. The popularity of ICOs in the world of start-ups has been driven by the availability of a wider pool of investors compared to the traditional venture capital process. Additionally, the organizations are able to raise capital without following the stringent regulatory requirements of an IPO. As popular as ICOs have become, they are fraught with scams. According to Icodata.io, there were 886 Initial Coin Offerings(ICOs) in 2017 and these raised in excess of $6 Billion. This statistic provides evidence that the ICO phenomenon is no longer a peripheral strategy and has started to occupy a central position in the crypto-startup world. ICO refers to a mechanism through which start-ups offering Blockchain-based products and services are able to raise funds by tapping into the crowdfunding concept by selling investor tokens in exchange for capital. Due to the fact that there is an extremely h...

Just a few more facts on the fraudulent efforts of the criminal, Shehar Yar of Blocksims, who is trying to justify his stolen ICO. I will be showing you how they have chosen the photograph of a prominent business person as their Bounty Manager and the photo of a Russian serial killer to troll the Mobilink-coin Telegram group. I would like to give a shout out to FaceFirst , my personal favorite when it comes to facial recognition software. Blocksims.io created a false identity on their Telegram account named “Maxine Layare”. This user is Blocksims Bounty Manager. However I identified the image associated with this fraudulent Telegram Blocksims identity with a very respected business person named Janet Cowell. We reached out to Janet and she is aware of her photographic identity being stolen by Blocksims. Next we have a man named “Henry Layman” with an image of a bald guy who has been trolling the Mobilink-Coin Telegram page. As it turns out, Henry is...

In my prior investigative article I was focused specifically on the alleged ICO fraud of Shehar Yar and Blocksims . A couple of weeks have passed since that post and the investigation and observations have really started dominating the internet. Many of the ICO databases are marking Blocksims as a scam. One even removed their name from their list of ICO’s and they have been reported to the Ripoff Report and others. Today I saw a video Blocksims.io posted trying to communicate the legitimacy of their ICO. The video looks great. Very CONvincing. It features two individuals, Elias Rodriguez and Uri Valles who are allegedly Blockchain influencers and advisors for BlockSims. Problem is, they are actors. There is an entire ICO promotional industry working throughout the world. $20 per hour dev hacks from Malaysia, India, Philippines and abroad like Shehar Yar and his team, take advantage of the fact most new ICO’s are being run by people who would rather stay behin...