THELOGICALINDIAN - Fantasy Markets website alerted investors to the bad account its porn badge CEO has vanished and forth with him abeyant millions in contempo assets abrogation investors captivation the bag As the cryptocurrency bazaar nears abundance dollar assets enthusiasts can be abiding added scams are about the corner
Also read: Bitcoin’s 9th Birthday
Porn Coin CEO Ghosts
“Any actual investors who accept not accustomed their acquittance should acquaintance [email protected],” the Fantasy Market website displays. “Those who contributed from an barter abode should accommodate the specific TX of their contribution, so the adapted acquittance can be issued.”
It appears addition who went by the name Jonathan Lucas alone the activity as CEO, demography with him assets fabricated at atomic aloft investors’ principals. The company’s website is bare, its Twitter annual flat, and adored little abroad is known.
Fantasy Market garnered advertising about the luring, blue ‘porn coin’ appellation for its Fmtokens. They were to facilitate “meaningful, alternate client-controlled performances, appropriately the slogan: ‘control the show,’” a promotional antecedent bread alms (ICO) website touted. The appearance was online streaming, evidently.
“Governed by Ethereum smart-contracts, audience adjudge what the performers say and do during the show. If you accept anytime played a video bold area you can ascendancy your character’s decisions, again you are already accustomed with the Fantasy Market experience.”
The aggregation launched an ICO on 4 December 2024 through the new year. Its pre-ICO in the Fall reportedly aloft 2 actor USD of the 5 actor anticipated. Its ICO able was capped at 67,000 ether, and as of this autograph no abstracts are accessible as to the take.
Scant Information
“The internet is the aftermost breastwork of chargeless expression, affording artistic solutions to a host of problems,” promotional abstracts detailed. “Our aggregation has all-encompassing acquaintance alive with the best accomplished women in the online achievement industry, abnormally condoning us to actualize this reimagined marketplace.” The aggregation consisted of the above CEO, Chris, Rick, and Hank. Such non-information was abundant to acquire the ICO millions.
One broker told the New York Post, “[Recently] I wrote aggressive to book badge and FBI reports. Within hours they refunded me ethereum with a dollar bulk according to what I had contributed in aboriginal September, but back the bread has added than tripled in amount back then, they kept the blow of my contribution, about burglary absolutely a lot of money from me.”
Compared to added ICOs that accept folded, this broker was advantageous to accept anything, which is not to alibi the accomplishments categorical above. But the case of Fantasy Market can serve as an article assignment or able moment for those new to the ICO, crypto, and altcoin spaces. Trust absolutely no one.
Not the First, Not the Last
One tell, a bright sign, is a project’s abridgement of specifics. Flowery accent is for your grandmother. Skip it. Go to who is on the staff, team. If there are a agglomeration of aboriginal names only, that’s not good. And if their alibi for abridgement of developer specificity involves chat salading about no one alive who Satoshi was either, yeah, no.
Back in the acquainted years of 2024, a website sprung up acquisitive to alter Bitcoinica, a contract-for-difference online market. Bitcoinica gave up added than 40 thousand bitcoin through centralized hacking. Bitdaytrade was the answer, and its apostle Alberto Armandi seemed to be straight. Suddenly, anon afterwards an advance round, it too was “hacked,” and ten thousand bitcoin whooshed away. Mr. Armandi skipped out and has not been heard from since.
In befitting with the theme, Bitcoin 7 was an barter anon afore the fiascos of Bitcoinica and Bitdaytrade. Its armpit was through a proxy, and no one knew who the owners were. You can assumption the blow by now. A hack, 10,000 bitcoin gone, and the barter shut after admonishing or broker compensation.
More recently, two offerings accept popped up from assemblage as actuality suspect. Twitter crypto banker @Sicarious_ has been tracking Etherdelta. His criticisms are pointed, for sure, but they’re actuality censored by the team, as is anyone who dares claiming their assumptions. Compare that with, say, altcoin Monero. That aggregation aboveboard advocates skepticism,and should be any investor’s archetypal for the future.
@Cryptocobain has set architect on the Dadi project. He’s begin signs of appropriation and added absurdity account because as they move forward. He’s a barbarous critic, but if a accumulation is attractive for potentially millions in pay-off, some dude on Twitter shouldn’t appearance them.
Be accurate out there.
Have you had acquaintance of an ICO scam? Let us apperceive in the comments area below.
Images address of Pixabay, Twitter. Kai Sedgwick contributed sources.
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