Quote from: puremage111 on November 20, 2017, 12:38:36 AM

Quote from: deanerific on November 19, 2017, 10:36:18 PM

From Reddit:https://www.reddit.com/r/confido/comments/7e3p5t/announcement/

"To our community,
Thanks for always standing by us. We have achieved some incredible things these last two weeks, and the crypto space is beginning to notice us. However, we owe you an apology. Right now, we are in a tight spot, as we are having legal trouble caused by a contract we signed. We signed the contract with assurance from our legal advisor that there was minimal risk and it would not be an issue. I can't and won't go into details, but he was wrong. It is a problem.
We are trying our best to fight our way through this. As it currently stands, development has been delayed until a resolution is found. We are honestly not sure how long we will be delayed by, but were trying our best to get this behind us as fast as possible.
It is likely that we will be able to find a solution to rectify the situation. However, we cannot assure you with 100% certainty that we will get through this.
This announcement will shock a lot of people, and thats understandable. I, Joost van Doorn, want to personally apologise for any financial damages this announcement will cause to people. It was never our intention to hurt investors; we didnt see this coming.
We will keep you guys updated. Please join our announcement channel at https://t.me/joinchat/AAAAAENHpUJSHK7jzX6GZg
Regards,
The Confido team."

Seems like they got orbital striked by some sort of legal issue. Wonder what kind of contract they signed? Would be nice if the posted a copy of it so that the community knew it wasn't just a straight-out scam.

hmmm this seems to be a bad news

Legal issues might be the most troublesome issue to solve out compare to management or financial issue because legality is not decide-able by the team but someon else

I would like to know if the story about legal troubles is really true, but for now we can only believe it and wait.