ICO News: McAfee takes aim at SEC over ICO clampdown

John McAfee, the eccentric anti-virus mogul turned crypto enthusiast, has said he will no longer use his Twitter account to promote ICOs (initial coin offerings), ‘due to SEC [U.S. Securities and Exchange Commission] threats’.

ICO News: McAfee takes aim at SEC over ICO clampdown

McAfee: “Due to SEC threats, I am no longer working with ICOs...”

McAfee, who’s been using his Twitter account to promote ICOs in exchange for large sums of cash, made the announcement that he is ‘no longer working with ICOs nor am I recommending them’ today (June 19) in response to a tweet asking him for his latest ICO investment recommendations. See below:

Due to SEC threats, I am no longer working with ICOs nor am I recommending them, and those doing ICOs can all look forward to arrest. It is unjust but it is reality. I am writing an article on an equivalent alternative to ICOs which the SEC cannot touch. Please have Patience.

— John McAfee (@officialmcafee) 19 June 2018

$500,000 per tweet

In the past, McAfee claims to have charged as much as $500,000 per tweet and $100,000 per reply to promote ICOs via his ICO advisory service.

His website, however, states that tweets cost $105,000 across the board.

He said, re his outlandish tweet prices: “Obviously, people feel that it is worth it,” McAfee said on Twitter. “Statistically, each tweet averages over $3 million in revenue for my clients – a 600% return.”

McAfee backs the wrong horse... Or taxi

Recently, McAfee got himself into a trouble by promoting an ICO that turned out to be fraudulent.

It came to light that the ‘Pink Taxi’ blockchain-based taxi ICO had plagiarized its website content and white paper from another project; this happens a lot with token sales. See below:

Interestingly, despite the announcement, McAfee has since used his Twitter account to promote a blockchain project called Docademic...

Top Equities Brokers

0 Brokers added for comparison:
Clear all