Cryptocurrency

Titanium Blockchain CEO Admits to Have Carried Out Fraudulent ICO in 2018

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Titanium Blockchain CEO Admits to Have Carried Out Fraudulent ICO in 2018

Michael Stollery, the CEO of Titanium Blockchain Infrastructure Services faces up to 20 years in the prison. He has pleaded guilty to raising $$21 million (roughly Rs. 167 crore) via a fraudulent initial coin offering (ICO) in 2018. In order to create an illusion of legitimacy, Stollery said he forged the whitepaper for the BAR token.

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