Hi,
Lol, I am guessing this is in response to the Wall Street Journal article about the prevalence of fraudulent ICOs today. I wouldn't be surprised if someone created a ERC20 contract with this same name and ended up raising a decent amount of money. But that is not about this idea, for sure
With what name? Some of the ERC20 tossing dudes ended up in prison. This is the common knowledge and u shouldnt be surprised over someone hiccups, in fact seeing others behind bars makes u feel better. Because u know some john doe declared holdings worth 10 million or 30 million, got apprehended and never seen his home afterwards.
With all such news, being skeptical about ICOs is natural. Encrybit is a pretty genuine project. Our goal is to smoothen the cryptocurrency trading process to help the community grow. You can visit our website and will have an idea.