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The percentage of Celebrity endorsed ICOs being scams has shot up to 43% since April 2023 - 2
Two SEC economists conducted the research on celebrities which included names like Snoop Dogg and Lionel Messi - 3
Celebrities who endorse brands unrelated to their profession are more likely to be scams.
Research has always been the most logical way to prove things without actually proving them. New research, which was conducted recently, tries to show the link between a celebrity-endorsed crypto project and a scam.
The research was conducted by two former and most trusted SEC economists Joshua T. White and …
Source: https://www.thecoinrepublic.com/2023/05/17/celebrity-endorsed-crypto-projects-are-most-likely-scams/