According to the ICOBench report, as of February 6, 2020, since the famous Ethereum started an ICO in July 2014, nearly 5,700 projects have raised more than $ 27 billion in total. Data show that the majority of ICO cases investigated by the US SEC were completed during the ICO boom in 2017, when more than 550 companies had sales of $ 7.3 billion. Between 2016 and 2020, the U.S. SEC filed suit against 27 completed ICOs. This figure does not include ongoing investigations by regulators or cases in which settlement terms have not been publicly disclosed. ICOBench reports that the total amount of funds raised by ICO per month has dropped from $ 3.45 billion in 2018 to $ 18 million in early 2019.