Alleged Naked Technology ICO Scam Results in Founders’ Arrest Warrant0.83

The initial coin offering industry has seen its fair share of illicit projects. In most cases, investors are promised massive returns when they make a financial contribution. It now appears the Naked Technology ICO is also under a lot of scrutiny. One of its founders is subject to an arrest warrant in the UAE. A very messy situation, although the evidence is piling up rather quickly.

A very interesting report has surfaced on the website of Bank Negara Malaysia. This institution has a bit of a history with cryptocurrencies, albeit not always in a positive manner. However, the bank’s officials are actively collaborating with the local government to crack down on fraudulent initial coin offerings. As such, numerous individuals and corporations which need to be avoided are listed on their website in an effort to raise awareness.

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