Savedroid: A $50 Million Exit Scam?

[Bowtiesarecool]

Apparently, Savedroid has packed up shop. Admins are gone from telegram channel, the office is empty, and the website has the (in)famous "AAAND IT'S GONE" Southpark Meme. Cointelegraph has this to say: https://cointelegraph.com/news/in-apparent-exit-scam-ceo-of-german-startup-is-over-and-out-after-50-mln-ico

[pageraji]

are you sure? where is dr yassin? i join this svd bounty and i do invest, i hope not scam?

[xzone]

It was a project that could save a lot of money and be successful, I hope nobody loses money. A new website was created and a video was broadcast. You can look at the link below:

http://anditsg.one/

[RAJSALLIN]

Until now this news still made lot of people shocked. A project which successfully raised $50 million gone ( that's what we found from their site). But recently, there is a video showing they didn't gone.

[Bowtiesarecool]

And it's BACK!!!
It was a PR stunt folks
You can all start breathing again: https://youtu.be/o5_bwFf_byo
Not my best idea of stunt considering the ICO landscape with so many scams and ponzis crashing about. But they probably have their reasons

[langdong]

And it's BACK!!!
It was a PR stunt folks
You can all start breathing again: https://youtu.be/o5_bwFf_byo
Not my best idea of stunt considering the ICO landscape with so many scams and ponzis crashing about. But they probably have their reasons

Funny thing about this is that by pretending to be a scam this legit ICO actually became kind of a scam. When this one hits the markets you will see a free fall of a token like never before. Trust is lost, no one wants to be involved anymore.

Thank you for sacrificing yourself for the greater good of ICOs, Savedroid.

[hs84]

i really think that mentality of countries is quite important for crypto stuff
if you do bullshit maybe in russia or india,... i think the law is maybe less hard then in germany (for stealing money!)
savedroid sounds tooo serious from beginning to be now a exit scam

[xenomorphe1]

i really think that mentality of countries is quite important for crypto stuff
if you do bullshit maybe in russia or india,... i think the law is maybe less hard then in germany (for stealing money!)
savedroid sounds tooo serious from beginning to be now a exit scam

That's what i don't like about the internet. People only like doing fake news/hype just to make some advertisements and hype their coins/tokens. But i am not really interested about this project.
We don't know which information is real or fake.

[nopedope89]

When such a bad project has collected 50 million dollars. I do not understand how they managed to fool that many people. Very good projects are coming out to prevent fraudsters.

[The_Masterer]

It all seems to me like its a exit scam gone wrong. Why the hell would anybody want to prank their investors?  makes no sense to me, probably forgot his car keys home or something, so now hes acting like it was just a publicity stunt....he will disappear completely in few months, mark my words

[chanc3r]

i really think that mentality of countries is quite important for crypto stuff
if you do bullshit maybe in russia or india,... i think the law is maybe less hard then in germany (for stealing money!)
savedroid sounds tooo serious from beginning to be now a exit scam

I guess savedroid cofounder developer has already learned from the centra cofounder which already arrested by SEC.  So many people in telegram are ready to make lawsuit to the savedroid team.
I guess if they are scamming the investors and they will be arrested to the jail as fast as possible and this is how they are thinking for a twice.

[carriebee]

It all seems to me like its a exit scam gone wrong. Why the hell would anybody want to prank their investors?  makes no sense to me, probably forgot his car keys home or something, so now hes acting like it was just a publicity stunt....he will disappear completely in few months, mark my words

They are really doubtful making noise to attract more investors in the first place. They had collected $50m then suddenly disappeared and just now they are back. Yes it may seems to me that this project will not going good well.

[Milamol]

Now the reason for the delay in distribution to bounty participants becomes clear. A little pity for the time spent, since I believed in this project. Now I do not understand how to apply such jokers.

[buytheeffinD]

100% have you seen the CEO's twitter? Seems like they are living large somewhere else not in Germany. What was hilarious was the shot they took at everybody on their main page.

edit: Correction there page is up and running but what they did yesterday did not instill any confidence in the project.

[Soroskatona]

It was a project that could save a lot of money and be successful, I hope nobody loses money. A new website was created and a video was broadcast. You can look at the link below:

http://anditsg.one/

I started to feel sorry for everyone.
Luckily, it was not the case, its just a PR stunt.

[coino.org]

Yesterday I was amazed by this scam and message in twitter with bottle of beer. I was thankful to god not to invest in this ICO. Today I watched a movie explaining that it was PR. What a joke!

[DeepChipolino]

The project looked good. Now many investors will want to dump of SVD tokens. Is it possible that this version: devs did, intentionally, to reduce the price of the token when listing on the exchanges in order to buy back the SVDs for low price?

[Crypto_lion]

Lol I was just reading about this.Apparently it was horrible PR stunt by the team .I wonder how the investors felt during the time and how.it affected the market.Probably gonna hurt them in long run

[Bowtiesarecool]

Whoever is in charge of their marketing should get fired. Just because they raised $50m they think they can now prank like Elon Musk? Elon has spent years perfecting that act and most importantly, building a remarkable company. These guys probably snort one line of coke too many and decided to become "geniuses" too. There's going to be a monumental dump when the market opens

[AlecMe]

will dump for revenge not actually be bad for the investors more than them?