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April 22, 2018, 09:35:37 AM |
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The team collected about 5 million dollars on ICO. Participants of the bounty campaign were promised big money, they attracted a lot of people to the company. During the ICO, it all worked like a charm, over Telegram they answered almost once a minute, there was an impression that only in Telegram there were 5 permanent workers.
People constantly asked whether there would be KYC, citizens were assured (by representatives of CIBUS) that there would be no KYC. But as soon as the ICO was over, there was a notice that at the advice from the lawyers, KYC would be held, and one had to provide documents with registration, make a selfie + confirm registration by a bank statement or utility invoices.
But the scammers decided not to waste time on trifles, no big deal selling all passport details of the members of the bounty campaign, and went further. They asked everyone to additionally send 0.003 Ethereum (ostensibly to check that the wallet belongs to the owner).
Thousands of underdogs sent copies of their documents. I think, the prices in the black market will fall shortly, there is too many new passports and selfies, as well as Ethereum... and started waiting for their tokens. But the tokens are never sent. Someone in the group wrote that he had received tokens, but people suspect that these were the SUBUS people who wrote that. Maybe, part of the money was distributed afterwards, but it makes no difference now (why it makes no difference, see the next paragraph). And there was absolutely no one to answer the question “where are the tokens?”), the team vanished.
But that was nothing compared to how people who had invested $ 5 million were pissed off. At the exchange, the token collapsed down to the floor, and now it costs about 500 times cheaper than it used to cost during the ICO about a month ago. Most likely, since no tokens were sent to the bounty participants, the team sold their remaining tokens at any price just to get rid of them. I have never seen such a drop down.
I leave this posting for the history, since it really is Holy crap, the scammers, being not content with the millions, surpassed all expectations, and collected every last penny from people. And it will be another lesson for the underdogs who keep claiming that KYC is good.
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