Quote from: andrei56 on April 24, 2018, 10:41:51 PM

Quote from: unplug on April 17, 2018, 02:41:48 AM

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/

How shameful the team is. Are they that greedy to do such things to those people who believe in them who believe that their project will be successful. That's why most of the investors must of us hardly trust ICO even me, even though I participated a lot of bounties only I'm still worried that my work and efforts will be dump because of scam ICO.

so it's likely that in the future the failure rate of icos is going to increase.

It has already increased a lot. I have done research about that. The result was there is a lot of (more) new ponzi and scam project that used the name of ico to scam the investors.

Remember there are some projects are turning to the scam project just like centra and many other.

These scammers never understand why they are thinking like that. If they can deliver or make an innovative idea and it will be beneficial for longterm investment.

In fact those dumbass scammers just the people without any skill or experience.