Approximately 1,000 different cryptocurrency-related projects failed in 2018, according to data from DeadCoins and Coinopsy. Many of the dead crypto projects were outright scams which were orchestrated under the guise of initial coin offerings (ICOs). Included in DeadCoins and Coinpsy’s long list of abandoned and/or fraudulent digital currency schemes is BitConnect, which is considered one of the largest crypto-related Ponzi scheme scams in history. Deadcoins, which has compiled one of the most comprehensive information sources on inactive cryptos, revealed there are at least 934 digital currencies that are now dead.
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