One of China’s hottest boy bands, The Fighting Boys (TFBOYS), have just made the announcement that they are in no way involved with the TFBC Organizations or their current ICO. TFBC is a new cryptocurrency based off the trio’s band where holders can trade TFBOYS concert tickets, join fan clubs, and purchase merchandise. The TFBOYS website states the three band members will be the primary stock holders and a portion of their funds will go to contributing to the TFBOYS projects.
As many know the hysteria surrounding teenage boy bands boast fans in the millions. The three members of TFBOYS are known to be very active on Chinese social media and have over 100 million followers on Weibo (Chinese Twitter) combined. Currently the fake ICO scam has allegedly sold over 4.5 million TFBC, a value of over $1.2 million USD, to almost 20,000 unsuspecting fans. The band’s agency has stated they have not authorized use of the band’s image or likeness and legal actions may be taken. The TFBOYS ICO scam site does not list it’s founders or developers and only mentions partnerships, which are most likely fake.