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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.
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/