Re: ICO SCAM worth $660 Million

Quote from: FindExchangeICO on April 16, 2018, 04:52:24 PM

How is that even possible..

A team of 7 behind the Pincoin Token & iFan just did what seems impossible. Through their private & public sale, they have raised an approximate of $660 million from around 32,000 investors, and then ran away. Shocked

What do you think will happen now to ICO's and cryptos in general? People will now be afraid to invest, and the legitimate projects will be left behind with nothing...

Sources:

1) https://techcrunch.com/2018/04/13/exit-scammers-run-off-with-660-million-in-ico-earnings/
2) https://www.coindesk.com/vietnam-investigates-ico-fraud-660-million-losses-reported/

Ouch! This is a very sad story for the investors who expected that the ICO will success! For sure, the will become a reason why other investors will not anymore give their trust in ICOs. I hope these criminals where tracked and put in jail. ICO right now is too risk, there are always losing of money in ICO. Hope that these kind of stuff in cryptocurrency will fix because it is hard for the investors to lend their capital from nothing.