The project Elysian has finished its ICO, Lost 90% of its value post ICO (sold for .12, trading now for .008) and is now attempting to blackmail its service providers into voiding their invoices and releasing Elysian from its contracts.

Elysian has informed its service providers that the $7 million raised during the ICO has been mismanaged and resulted in less then expected remaining to pay bills that are due.

Elysian only raised 307 ETH via the blockchain, The $6.9 million has never been verified or validated.

Elysian is claiming that service providers enforcing and holding them to their signed agreement is "scamming"

Elysian are deluded and inept, The following post and logs will detail that easily

Medium post detailing the blackmailing and the mismanagement of funds - https://medium.com/@LinhartUK/when-icos-go-bad-51ca0063f0dc

Github link to chat logs - https://github.com/Linhart-Blockchain-Consultants-LTD/Public/tree/master/storage