How the Biggest ICOs are Being Scammed and Lose Investors’ Money by Getting Ripped off by YouTubers

As we are in the middle of another market slump, an investigation published in an article on Medium! shows how YouTubers are buying cheap fake followers, likes, and views and use the false numbers and pretend audience/influence to take thousands of dollars for a short “review” from many of the ICOs, even the biggest ones out there.

You can see the influx of shady Youtube ‘influencers’ in the Telegram groups of the ICOs, trying to get paid directly by them for a “good review”. The funny thing is that how some of them are complete frauds with no real media influence and are literally stealing the money of the ICOs.

It raises questions about the competency of the projects at least in their marketing departments because it is more than obvious that some of the Youtube channels they have paid to be promoted on are fake. It also makes you wonder about the other methods that ICOs use in order to make their projects more popular and exactly how much of the money that their investors have contributed to them is wasted for corruption and bribes, buying videos, articles and ratings from shady and unknown individuals.

One of the discussed YouTubers has been made 114 or so paid Youtube “Reviews” within a timeframe of a 1 month, basically 2-3 a day, which is crazy. The author of the article estimates that the Youtube channel owner has made about $170k for that period and he has tricked most of the bigger ICOs at the moment to pay him to “review” their project in front of his fake followers and viewers.