Bitcoin Forum

The founder of the crypto-currency start-up Savedroid seems to have completed his ICO with a scam. On Wednesday, the site of the German company unexpectedly began to work in an offline mode, now on the screen saver is an image of the meme "Aannd It's Gone", which appeared in South Park.

Since then, investors have not received a single message, and Yasin Khankir, the founder and CEO of the project, has posted a message on Twitter with his photo at the airport, and then on the beach with a bottle of beer.
According to the German-language business portal WirtschaftsWoche, during the ICO Savedroid was collected about € 40 million, or approximately $ 50 million.

It was assumed that the company was creating an application based on artificial intelligence, through which users could automatically invest in crypto-loans and related derivatives. The project also promised to issue a crypto credit card, which is quite common among fraudulent ICOs.

At the time of writing, Savedroid's social networking accounts were still active. The most recent publication is dated April 15, it offers an internship at the position of the CMM-manager. In addition, a week ago on the air Khankir answered questions, because of what investors were completely unprepared for the bench.

Excluding the possibility that this is an unfortunate and ill-considered advertising gimmick, it seems that Savedroid is one of the last startups-pews that pocketed clients' funds.

It's sad for the investors who lost their money. I really can't fathom it. Sometimes I come to think whether it was a hack or a literal exit scam. Damn. That's really huge. How can he get away with that?

The news is certainly not new! And even more it's a shame that there are a lot of real projects that do not collect anything! Now with such a mood in the ICO market, people will invest even less...

The project is not a SCAM. What happened was a stunt and awareness the Savedroid team put up for investors. Making investors to be very careful when investing into ICO, they made investors to understand how easy it will be for project owner to walk away with their money after ICO. So savedroid is not a scam, the project is still there and real.

I wonder how people began this scam of a thing. If the project is a scam why would they come back and even come up with question and answer yesterday evening and their also BBQ party which will be holding in Frankfort?

For now I think the issue could not help to any investors who already invested on the project because the money could not anymore be refundable if most especially if it is a scam project since no scammers will willingly send back the money from the victims. I am saying this thing not because I believe it's a scam, I just speaking the possibility if there is. So the only thing that can compare to your statement is the outcome on the future.