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Almost $100 million in cryptocurrency has been stolen by exit scammers, as ICO tokens continue to plummet in value.

Cryptocurrency exit scams have conned people out of almost $100M.

xit scams continue to plague the ICO space as there is little by means of regulation to ensure the legitimacy of projects being listed, after all, there are no legal obligations in this arena to deliver a product once you have raised secured funding. It’s pretty much a digital wild west as far as the law is concerned.

Researchers have uncovered a huge botnet that mimics legitimate accounts on Twitter to spread a cryptocurrency "giveaway" scam.

- Reclaws International (

Researchers Discover Huge Crypto Scam Botnet on Twitter.

To spread the fake giveaway scam, the bots would reply to tweets posted by the legitimate account, containing a link to entice Twitter users to the scam.