Eastman Kodak Company says it will take “several weeks” to verify that people interested in its new digital currency for photographers are indeed “accredited investors.”
Kodak said earlier this month it planned to begin offering the combined cyber currency and creative rights management platform today. In a statement on the KodakCoin website, the company says more than 40,000 potential investors have expressed interest, and it will take longer to vett their credentials than expected. Kodak says it’s also become aware of several scammers trying to horn in on its ICO and is warning potential investors to deal only with KodakCoin.com.
The Kodak cryptocurrency venture was announced three weeks ago. The announced delay comes a day after a story in the Wall Street Journal that raised questions about Kodak’s vetting process for its initial investor offering.