Positive cryptocurrency reviews being sold for thousands of dollars

Turns out if you have thousands in your bank account, you can buy a positive review of an ICO…

Whilst the number of initial coin offerings (ICOs) has declined a little in line with the falling value of cryptocurrencies across 2018, they’re far from an endangered species. Furthermore, a good ICO can still financially fuel a startup company.

However, getting some exposure for an ICO amongst so-called cryptocurrency influencers is easier said than done. Perhaps it shouldn’t be a surprise, then, to learn that reviews are allegedly being sold for five figure sums in some quarters.

As per an investigation at Reuters, a start-up by the name of Hacken was looking to raise some $3m last year, and drew up a list of over 100 social media figures it wanted to get to in order to build publicity for its project. It allegedly paid the host of Alternative Media Television, Christopher Greene, the sum of $7500 for a review of its coin, that duly appeared in a hugely positive video…