![]() Just know that I empathize with your pain. I get it, it's a bear market & you need someone to blame for your losses. My securities lawyer has been in constant communication with the SEC since spring of last year. I love you guys but the SEC jokes are getting old. I’m not as concerned as other influencers out there.” I even had my lawyer reach out to the SEC last year, so I’ve made a good faith effort towards this. ![]() “I posted my Blockfolio every single day including my advisory tokens. “The difference with Mayweather and Khaled was they got paid by an ICO, and they didn’t disclose, I have always disclosed. I now have a transparency page where I list everything. I have a securities lawyer who I speak with often. Speaking to Coin Rivet while on his Crypto World Tour in Cairo, Egypt, Balina says: “I definitely do worry, but I think I’m good. “Social media influencers are often paid promoters, not investment professionals, and the securities they’re touting, regardless of whether they are issued using traditional certificates or on the blockchain, could be frauds.” “Investors should be sceptical of investment advice posted to social media platforms, and should not make decisions based on celebrity endorsements,” says Enforcement Division co-director Steven Peikin. Last week, the SEC charged Floyd Mayweather and DJ Khaled over their ‘unlawful promotion’ of ICOs, a decision that has left many of the influencers in the space nervous over the regulator’s next move. Twelve months on, and the cryptocurrency space has seen a radical transformation, regulators now have a more prominent position while the transparency of influencers remains a hot topic. Balina subsequently removed his spreadsheet, citing that “too many people followed the advice blindly” as a primary reason. His findings became steeped in controversy after it emerged that he was being paid by various projects, which could have suggested a conflict of interest in his findings. The former analytics evangelist at IBM stumbled into the cryptocurrency space in 2017, hopping on the bandwagon when the likes of Ethereum rallied from under $10 all the way to $1,300 in the space of a year.īalina brought a unique style of ‘token metric’ analysis to the cryptocurrency markets, undertaking comprehensive reviews of emerging ICOs and blockchain projects and publishing his findings on a public spreadsheet. ![]() Ian Balina is debatably one of the biggest names in the cryptocurrency space, his ICO reviews captivated the attention of thousands during last year’s ICO revolution, but he also came under intense scrutiny from his peers over his promotion of particular projects at the height of cryptocurrency’s bull market. ![]()
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