Report notes slowdown in ICOs, routine theft/loss of funds

• According to Ernst & Young which researched nearly 400 initial coin offerings, more than 10% of funds raised through ICOs have been either lost or stolen.
• Maybe more interesting to bubble watchers - the whole thing may have popped months ago. The report says volume has been slowing since late last year, with only 25% of ICOs hitting their fundraising target in November vs. 90% that did so in June.
• E&Y's Paul Brody: "We were shocked by the quality of some of the white papers, we see clear coding errors and we see conflicts of interest between the companies issuing tokens and the community of token holders.”
• Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC-OLD, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, OTCPK:LFIN