Post
Topic
Board Legal
Topic OP
Satowallet disappears with over $1 million in user's funds
by
alexcopper
on 27/09/2019, 19:58:05 UTC
Yes another pulled off exit scam. This time a Nigerian cryptocurrency wallet that is said to have stolen $1 million worth of funds. Withdrawals started around April while the CEO blamed the servers being down.

This just goes to identify and support Ciphertrace's AML report as 2019 being the "Year of the Exit Scam" The report claims 3.1 billion dollars were lost in exit scams this year alone.

https://coingeek.com/nigerian-crypto-wallet-satowallet-disappears-with-users-funds/