Whitepaper writers admit to fabricating details and report a recent surge in business

The authors behind token whitepapers can profit between $1000-$15000 per job and are encouraged to skirt around the facts and "fake numbers", according to a Decrypt media report. The report also found that outsourcing whitepaper writing is becoming a lucrative business for contractors based in Ukraine and Nigeria, with the likes of crypto-exchange KuCoin allegedly among their clients.

The report should come as little surprise to those in the space who have seen initial coin offerings tainted by exit scams and inflated token sales. Still, the article noted that a sample of writers said business is on the rise again, suggesting there is an ongoing appetite for token raises among 'blockchain' firms.