Kodak Says Scammers Are Already Selling Fake KodakCoins


Eastman Kodak is warning that several fraudulent websites and Facebook accounts are promoting and even claiming to already be selling its planned digital token.

The warning, sent in an email to potential investors, comes as Securities and Exchange Commission Chairman Jay Clayton is testifying before Congress about initial coin offerings and coin-related scams. Regulators have been increasingly scrutinizing so-called ICOs, which raised $3.7 billion in funds last year, according to CoinSchedule.

Kodak is working with a company that promotes paparazzi photos to offer a blockchain-based service that would let photographers get paid whenever their images are used.

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