Home / Latest / South Korean cryptocurrency startup reportedly pulls a $2.7M exit scam

South Korean cryptocurrency startup reportedly 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


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