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.
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/
Really is this true? That's a lot of money, If it is true I am really sorry for all the people who've invested their money on them. Don't worry because right now karma are digital and instant. Hope this thing will be a lesson learn right now from all the investors, always do your own search very well so we can avoid a scam like this.