Well I have heard of this coin, they have gone bankrupt and many are complaining about Bitcoinct.
It just a drama that they got bankrupt, the scheme is very clear that they are going to scam one day and boom it all happened in a flash, real quick.
My friend still holds this coin but does not know what to do. I think we are losing money in the Crypto market. They are risky to date.
Don't generalize that because your friend invested to a scam coin, we are losing money in crypto. You have to understand that there's a risk but don't invest and put yourselves into a scam coin.
I bet your friend bought when it was on hype but now look on how cheap it is.