<----WARNING! PRODEUM ICO is a SCAM! ------->

[diezych]

Hi, guys.
New info for guys, who invested to this scam ICO. Take my condolences((

Team has dissapeared after 8 days of ICO with $6 million dollars, official thread was deleted and site was showing rude word (now it redirects).

Twitter users found it: https://twitter.com/thelateempire/status/957527371221028865

Take the note, that this project was not successful from the beginning: there were less than 200 followers on twitter account andlow amount of funds on the project wallet https://etherscan.io/address/0x931d387731bbbc988b312206c74f77d004d6b84b was almost empty

Official news sources (only in russian at the moment):
https://vc.ru/32440-sayt-litovskogo-startapa-prodeum-okazalsya-udalen-posle-ico-na-6-mln
https://42.tut.by/578749

[RasenShuriken]

Yeah, it is really a scam project. I won't be investing any money in that project because this project is a scam.

[maxxdxx]

That's why you shouldn't invest in ICO's without clarify. Can these people actually get away with all this money or does some justice body go after them?  Honestly, you don't even have to do too much research to pick a decent coin. People getting scammed are often trying to buy into random shit because of hype.

[CaVO32]

That's why you shouldn't invest in ICO's without clarify. Can these people actually get away with all this money or does some justice body go after them?  Honestly, you don't even have to do too much research to pick a decent coin. People getting scammed are often trying to buy into random shit because of hype.

tough to get justice from anybody especially if you don't know who you're looking for. but easy to run away free money.   so for the investors, just do their homework first because nobody else will be blamed but yourself.

[juno77]

It's really quite alarming to find out about this, given that there were quite a lot of investors and I think Ian Balina also tipped prodeum before news of a possible scam broke out, although I'm not certain. This can be used as a valuable lesson to really be careful about the ICOs you invest in, and to make sure you do as much research as possible, investing as little as possible if you have to invest without guarantee. Does anyone know if Prodeum required a KYC?

[icoholder]

Yes, ICO Prodeum is a SCAM, be careful!
https://icoholder.com/en/ico/prodeum-17739
https://thenextweb.com/hardfork/2018/01/29/cryptocurrency-prodeum-scam-exit-penis/

Sincerely, ICOholder

[diezych]

Yes, ICO Prodeum is a SCAM, be careful!
https://icoholder.com/en/ico/prodeum-17739
https://thenextweb.com/hardfork/2018/01/29/cryptocurrency-prodeum-scam-exit-penis/

Sincerely, ICOholder

Thank you for additional links. For me this situation is very sad, because Lithuinians are my neighbors. But I think this is a common stuff with fake ico's for post soviet region in total.

[ico41]

Pretty frustrating for a lot of people, probably.  But like other posters have said, before sending anyone anything, look carefully at the team - are they real (I spend time in a Telegram channel devoted to exposing scams and members of that channel have uncovered some great scams by running IMGUR against the "Team" photos), and do they have some kind of track record BEFORE they started this ICO?

It's definitely a LOT of work to research these ICO's - I know because I spend 20+ hours a week researching them for a podcast, and it's not that hard to uncover people who are outright fraudsters. 

We need more people to take this stuff more seriously and research these and then publish what they find.  There are many ways to do this.  It's not difficult - just time consuming.  But I think it's worth it in the long run.  It will make the crypto world stronger and better to weed out the scammers.

[Llevellyn]

I saw only ~3 ETH that has been sent to scammers wallet, where is the other $6M?

[meanwords]

Noting this one. That's why I never invest to ICOs unless my advisors say so.

[Godwans]

Penis

[Piston Honda]

good catch.

i hope someone who got scammed tracks these fucking dirtbag scum down!

[mosmellowman]

Hello, everyone!

This wasn't Lithuanian story. My colleagues investigated it, please see here, for example -  https://cryptonews.com/news/prodeum-scam-investigation-more-schemes-up-running-1162.htm.

Or, with more details, here -  https://medium.com/@baltic.fund/prodeum-scam-traces-are-linked-to-other-fraud-projects-and-have-nothing-to-do-with-lithuania-9fe11cf7ceea