In what may be the industry's most daring publicity stunt, Germany-based Savedroid's supposed $50 million exit scam has made an astonishing U-turn.
Perhaps an innocuous prank in another context, hearts leaped into throats as the gut-wrenching notion of a $50 million exit scam spread like wildfire - publications launching an inquisition into the founder, Yassin Hankir.
As if to stamp out any possibility of innocence, Hankir Tweeted two photos alongside the fairly self-explanatory "Over and out", indeed appearing to be disappearing into the sunset laden with investor's cash.
An inquisition led by Cryptobriefing mounted its counter-attack, having tracked Hankir's precise location on an Egyptian beach.
Waiting just enough time to see the entire cryptosphere light up in rage, Hankir dropped the bombshell - proclaiming the entire saga as a pointed stunt to highlight the sheer vulnerability of ICO investors to such unethical acts.
SAVEDROID WAS HERE, IS HERE AND WILL BE HERE!After crazy 24h you for sure have many questions.
While ICOs have been celebrated for their inclusive qualities, ICO scams have become a begrudged reality of the investment landscape.
Had it been authentic, Savedroid did a masterful job at orchestrating this particular exit scam.
One, the daring stunt by Savedroid would invariably have left Savedroid's reputation in tatters at best.
While "Regulation" remains a four-letter word to most, Savedroid has done a magnificent job hammering the point home that perhaps an ounce of government intervention would not go so amiss.
Savedroid ICO Rises from the Dead After Founder Unveils ICO Advisory Service
Published on Apr 19, 2018
by Cryptoslate | Published on Coinage
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