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    SEC Creates Spoof Cryptocurrency Website To Warn Investors

    The Securities and Exchange Commission launched a fake website on Wednesday that mirrors many of the elements found in "initial coin offering" scams.
    by Ian Wren May 16, 2018 2 minutes
    The fake website set up by the Securities and Exchange Commission contains many of the elements — including a countdown timer — that cryptocurrency scams use to pressure consumers.

    The Securities and Exchange Commission launched a spoof cryptocurrency website on Wednesday to warn investors about the risks of participating in "initial coin offerings," or ICOs.

    The website — called "" — mirrors marketing materials published by actual cryptocurrency promoters. It includes a countdown timer, promises

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