Topic: [2018-04-10] Vietnam: Pincoin, Ifan ICOs Exposed As Scams (Read 113 times)
before this Scams, the community vietnam's facebook always told keep away but the interesting is: they loved profit and just follows the crowd without knowledge enough about crypto. that's cause vietnam's markets is the best for cheating, scamming, i think so because i'm vietnamese too
Vietnam: Pincoin, Ifan ICOs Exposed As Scams That Allegedly Stole $660 Million
Operators of two Initial Coin Offerings (ICOs) have gone silent after multiple reports revealed them to be scams that had conned an estimated 32,000 investors of an alleged $660 million in tokens, local news outlet Tuoi Tre News reported Monday, April 9.
Ifan and Pincoin, cryptocurrency startups purportedly from Singapore and Dubai respectively, were allegedly multi-level marketing ponzi schemes under the control of Vietnam-based outfit Modern Tech.
Having gathered what victims claim runs to 15 trln Vietnamese dong (about $660 mln) in token sales, a lack of hard currency payouts prompted a demonstration outside Modern Tech’s Ho Chi Minh City headquarters April 8. If the claim is proven true, the scam would be the largest in the crypto industry to date.
https://cointelegraph.com/news/vietnam-pincoin-ifan-icos-exposed-as-scams-that-allegedly-stole-660-million
What steps can be taken on such ICOs?
Operators of two Initial Coin Offerings (ICOs) have gone silent after multiple reports revealed them to be scams that had conned an estimated 32,000 investors of an alleged $660 million in tokens, local news outlet Tuoi Tre News reported Monday, April 9.
Ifan and Pincoin, cryptocurrency startups purportedly from Singapore and Dubai respectively, were allegedly multi-level marketing ponzi schemes under the control of Vietnam-based outfit Modern Tech.
Having gathered what victims claim runs to 15 trln Vietnamese dong (about $660 mln) in token sales, a lack of hard currency payouts prompted a demonstration outside Modern Tech’s Ho Chi Minh City headquarters April 8. If the claim is proven true, the scam would be the largest in the crypto industry to date.
https://cointelegraph.com/news/vietnam-pincoin-ifan-icos-exposed-as-scams-that-allegedly-stole-660-million
What steps can be taken on such ICOs?
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