The following post by CoKBrian is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ BitcoinMarkets/comments/9pt7n1
The original post's content was as follows:
https://thenews.asia/en/2018/10/20/fuel-for-the-fire/
In April of 2018 a small, US-based project Fidelium hosted a small meetup in Seoul at a popular, intimate venue. The room was filled with people eager to hear about a project that promised to consolidate KYC hurdles. The cozy setting was healthy for group interaction. The founders promised to burn unsold tokens, generally an indicator of great returns. Following the meetup, rumors spread of suspicious wallet activity. The Fidelium team contacted a seasoned investor in Seoul to help them offload their unsold tokens then exit the market. The investor immediately blew the whistle on their scheme. Exit scams are technically not a crime.
I can't believe those Fidelium guys actually thought they would get away with it.
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