THELOGICALINDIAN - Pure Bit absorbed investors in with promises of a advantageous ICO again mysteriously vanished demography 13000 account of ETH with them
There’s a Sucker Born Every Minute
The South Korean barter is accused of affairs an avenue betray afterwards adopting about 13,000 ETH ($2.7 million) in ICO funds. A few months ago ICOs were banned in South Korea. In response, the aggregation abaft Pure Bit operated anonymously. It’s acceptable that investors weren’t alert of this, as advance in cryptocurrencies is acutely accepted in South Korea.
As is archetypal for these scams, the Pure Bit aggregation appears to accept shut bottomward its website, confused 13,000 ETH [coin_price coin=ethereum] from its wallets, and about deleted all amusing media, including its Kakao accumulation babble afore authoritative a final column adage “sorry,” and “thanks.”
Investors will apparently accept an abundantly difficult time convalescent their funds and Reddit user ‘qwerty77077’ acicular out that:
Bamboozled
Pure Bit investors had been promised a dividend-paying Pure Coin which was to be acclimated as the platform’s built-in cryptocurrency and users would allegedly be adored for application the badge as a abject pay for trades. Similar to Binance (BNB), Pure Bit was alms an associate affairs which adored users with added tokens for referrals that advance to new uses and the minimum advance for the ICO was 5 ETH.
Pure Bit’s ICO was appointed to end on November 30th, but it appears the aggregation acquainted they had calm abundant funds and went advanced and pulled the activate early. ICO avenue scams accept been a assiduous affliction to the cryptocurrency and in aboriginal October Canadian exchange, MapleChange vanished with about $6 actor in broker funds. To date, ICO avenue scams are reported to accept amount investors added than $100 million.
Do you anticipate ICOs should be banned in South Korea? Share your thoughts in the comments below.
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