As of June 30, 2018, there are 1,000 crypto projects that are dead now. There are two places where the evidence of this can be found. Why did they die? Well, there could be many factors for that. When dead crypto means that the projects have been abandoned, have no social updates, the website is gone, are scammed, have no nodes, too many wallet issues, and the volume is too low. It could also mean that crypto developers just didn’t think enough of the project to stay with it. As a result, 247 dead coins are laying around and are of no use to anyone. But connect is an example of one of these dead coins. It was shut down in January 2018 because it was used in a successful ponzu scheme. The Titanium Blockchain Infrastructure was another coin that has been put out of business. Because of fraudulent practices, the Securities and Exchange Commission had to shut it down. According to the agency, $21 million has been raised from investors for the Titanium. Investors were warned that coins of that nature a were a very high risk. Multiple cases are being investigated simply from dealing with these fraudulent coins. The real ICO’s ended up raising $13.7 billion in 2018, while fraudulent coins only raised $1 billion. Adena Friedman, who is the Nasdaq CEO stated that is a very serious risk for investors to take. She goes on to say that any project that is raising money in this fashion has no oversight. The Security and Exchange Commission apparently has been threatening investors about raising money for these ICO’s. John McAfee, who considers himself to be a crypto evangelist, is no longer promoting ICO’s because of these threats. Whatever the case may be, it is clear that these ICO’s are a huge problem. It’s important to invest wisely. Huge amounts of money is being raised do to fraud and scams. Investors need to be a bit more wiser to keep from falling prey to these fake coins. That may mean shutting them all down permanently.