[ALERT] GStar.AI is a scam project

[Coin-1]

On May 18, 2018, user Team - gstar.ai created the bounty thread:
[ BOUNTY ] GStar.AI ~ Algorithm Trading Movement, 48,000,000 tokens!

On May 24, 2018, this user created the announcement thread:
[ANN][MVP][PRESALE] GStar Ecosystem ~ Join our Algorithmic Trading Movement


On July 24, 2018, the PRE-SALE campaign ended. The team's target was 1000 ETH, but according to the report they raised about 830 ETH (which at that time cost at least 400000 US dollars).

A month later, the team sent worthless GSTAR tokens to the bounty hunters. After that, they immediately abandoned the project and vanished with coins stolen from investors.

I noticed that on April 12, 2019, user Team - gstar.ai logged in his account, but he did not replied questions.

On October 1, 2019, the official site www.gstar.ai has stopped working, so now all the images uploaded to its host are not displayed anymore.
Fortunately, on March 6, 2019, I archived both threads in advance (see the last post) here:
http://archive.md/aFP0N


According to the information published in the media, this is the founder and SEO of the GStar.AI project below:

Obviously, GStar.AI is a scam project.

[tippytoes]

I know this project because I was one of those bounty hunters that joined their sig campaign and did receive their tokens. And yes, tokens without value at all. Never reached in an exchange as long as I remember. I don't know exactly how much they raised but I think they only got small amount of money so they couldn't push thru their development. If they ran away, the money is very small as compared to other abandoned projects that raised millions of dollars.

[dkbit98]

Thank you for reporting this @Coin-1
Do you or anyone know how much Ethereum or Bitcoin they collected in total?
Maybe some address that we can track

[btc_angela]

I know this project because I was one of those bounty hunters that joined their sig campaign and did receive their tokens. And yes, tokens without value at all. Never reached in an exchange as long as I remember. I don't know exactly how much they raised but I think they only got small amount of money so they couldn't push thru their development. If they ran away, the money is very small as compared to other abandoned projects that raised millions of dollars.

But the thing is, they should have at least notify all parties involved if there are any that they are going to shutdown the project because it didn't raise enough money, instead of just disappearing in thin air. Obviously, more than six months has past since the last post of their official account here in forum so they might have exit scam already.