TechLair

  • Home
  • contact
  • About
  • Privacy Policy

South Korean cryptocurrency startup pulls a $2.7M exit scam

Friday, November 9, 2018 by Piyush Suthar | Comments

Home News Tech South Korean cryptocurrency startup pulls a $2.7M exit scam

2018 will certainly go down as the year of the exit scam as yet another initial coin offering (ICO) has disappeared out of thin air – along with millions worth of investors’ cryptocurrency. Blockchain company Pure Bit has seemingly walked off with $2.7 million worth of investors’ money after raising 13,000 Ethereum in an ICO. Transaction history shows that hours after moving all raised funds out of its wallet, the company proceeded to take down its website. It now returns a blank page. Victims report Pure Bit has already deleted its social media accounts; it has also kicked out all…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


Follow me on Twitter, Facebook, Google+, YouTube.

Load comments
  • Newer Post
  • Home
  • Older Post
  • techlair
    Over 1,500+ Readers

    Get fresh content from TechLair

    brand222 facebook brand2 envelope-o

    BEST OF TechLair

    Siemens wants to change the way we share energy… with blockchain
    New AI tool can synthesise fake human fingerprints fooling biometric systems
    This gadget helps you sleep at 33,000ft by strapping your head to your seat
    Fortnite servers go down to make way for Update 6.31: Here's what to watch out for


    Copyright © 2019 TechLair. All rights reserved.
    Privacy Policy • DMCA • Contact