What Is the Risk of an ICO Team Using Pseudonyms or Remaining Anonymous?

The primary risk is the lack of accountability and difficulty in performing due diligence on the team's professional background and experience. An anonymous team can easily abandon the project without facing legal or reputational consequences, leading to a potential scam or project failure.

This anonymity significantly increases the risk of a "rug pull" or fraud. While some privacy-focused projects may justify it, investors should be highly skeptical of fully anonymous teams, especially in complex financial projects.

It prevents investors from verifying expertise and past performance.