After 2 years of announcements and no proof of work, the anonymous Sugarexchange team announces the bankruptcy after raising over 2 million dollars on the exchanges.
 https://sugarexchange.io/

Hello.

 I would like to report this crypto project which raised over 2 million dollars by selling coins on exchanges. In 2 years they did not show proof of work and on April 14, 2020 they announced the exit  scam on their website.

 Their website is: Sugarexchange.io

The website and logo were created by Natashya Bay (The Sky Guys Ltd) in late 2017.

 https://twitter.com/natashyabay
  https://www.zoominfo.com/p/Natashya-Bay/-2031462538
  https://theskyguys.ca/

 Now, Natashya Bay has deleted all traces of Sugar from its websites.
https://web.archive.org/web/20180826134202/http://natashyabay.com/design/

These people worked / collaborated for the sugarexchange team, who therefore know the name of the founders:

SETH BANDI (Ldr Invest.)

 https://www.zoominfo.com/p/Seth-Bandi/-1154952310

RANKHIGHER. CA
 
They created the second website and worked on marketing with fraudulent videos and whitepapers.
 https://ca.linkedin.com/company/rankhigher-ca

MDULUS GLOBAL
They announced a Software Licensing Agremement in 2018, which has been deleted from their website.
https://www.modulusglobal.com/contact/
https://sludgefeed.com/sugar-exchange-announces-software-licensing-agreement-modulus-global/

From their addresses on Etherscan it can be seen that they have lost almost all the funds raised in 2018 by investing in Ico and not investing in their project.