Unbelievable.
Avalon duped the Wall Street Journal into publishing an article claiming they had received a $200 million investment, even stealing the name of a famous investor (who immediately repudiated the story).
Here is the WSJ's retraction.
Here is The Genesis Block's repost of the article and timeline of the spectacular faceplant/retraction. For some reason they no longer host a page with just this article for direct linking; scroll down until you see the second headline. I especially like the part where they explain that at today's BTC/USD rate an investment on this scale ($200m) can't possibly pay off, so if it were true it would have been simpler to just buy coins.
This is just getting out of control, folks. This is why I don't list products in the
η-factor table unless the vendor publicly commits to a specific die size and process node. That alone filters out the amateur scammers who can't come up with plausible numbers.
