Pure Bit Bamboozles Investors in $2.7 Million ICO Exit Scam
Pure Bit lured investors in with guarantees of a rewarding ICO then mysteriously vanished, taking 13,000 value of ETH with them.
THERE’S A SUCKER BORN EVERY MINUTE
The South Korean substitute is accused of pulling an go out rip-off after elevating virtually 13,000 ETH ($2.7 million) in ICO funds. A few months ago ICOs have been banned in South Korea. In response, the group behind Pure Bit operated anonymously. It’s perhaps that investors weren’t wary of this, as investing in cryptocurrencies is super established in South Korea.
As is traditional for those scams, the Pure Bit group seems to have close down its website, shifted 13,000 ETH $206.250 -0.12% from its wallets, and essentially deleted all social media, adding its Kakao group chat earlier than making a last put up saying “sorry,” and “thanks.”
Investors will perhaps have an especially hard time recovering their money and Reddit consumer ‘qwerty77077’ pointed out that:
They have got rid of each evidence. Website hosted through FALSE identify / out of Korea host/ messenger/contacts have been all FALSE too. Now their in basic terms wish is to hold on song with that ether and wish for the best.
BAMBOOZLED
Pure Bit investors had been promised a dividend-paying Pure Coin which was to be used because the platform’s local cryptocurrency and customers might supposedly be rewarded for utilizing the token as a base pay for trades. Similar to Binance (BNB), Pure Bit was providing an affiliate application which rewarded customers with extra tokens for referrals that result in new makes use of and the minimal investment for the ICO was 5 ETH.
Pure Bit’s ICO was scheduled to quit on November 30th, nevertheless it seems the group felt that they had collected sufficient money and went forward and pulled the cause early. ICO go out scams have been a continual plague to the cryptocurrency and in early October Canadian exchange, MapleChange vanished with virtually $6 million in investor funds. To date, ICO go out scams are pronounced to have fee investors extra than $100 million.
THERE’S A SUCKER BORN EVERY MINUTE
The South Korean substitute is accused of pulling an go out rip-off after elevating virtually 13,000 ETH ($2.7 million) in ICO funds. A few months ago ICOs have been banned in South Korea. In response, the group behind Pure Bit operated anonymously. It’s perhaps that investors weren’t wary of this, as investing in cryptocurrencies is super established in South Korea.
As is traditional for those scams, the Pure Bit group seems to have close down its website, shifted 13,000 ETH $206.250 -0.12% from its wallets, and essentially deleted all social media, adding its Kakao group chat earlier than making a last put up saying “sorry,” and “thanks.”
Investors will perhaps have an especially hard time recovering their money and Reddit consumer ‘qwerty77077’ pointed out that:
They have got rid of each evidence. Website hosted through FALSE identify / out of Korea host/ messenger/contacts have been all FALSE too. Now their in basic terms wish is to hold on song with that ether and wish for the best.
BAMBOOZLED
Pure Bit investors had been promised a dividend-paying Pure Coin which was to be used because the platform’s local cryptocurrency and customers might supposedly be rewarded for utilizing the token as a base pay for trades. Similar to Binance (BNB), Pure Bit was providing an affiliate application which rewarded customers with extra tokens for referrals that result in new makes use of and the minimal investment for the ICO was 5 ETH.
Pure Bit’s ICO was scheduled to quit on November 30th, nevertheless it seems the group felt that they had collected sufficient money and went forward and pulled the cause early. ICO go out scams have been a continual plague to the cryptocurrency and in early October Canadian exchange, MapleChange vanished with virtually $6 million in investor funds. To date, ICO go out scams are pronounced to have fee investors extra than $100 million.
0 Response to "Pure Bit Bamboozles Investors in $2.7 Million ICO Exit Scam "
Post a Comment