It appears all the BTC has been moved. The fact they converted the BTC to cash is very worrying. Is this not a crypto project? It just turned into a fiat project. It gives me the feeling that they don't truly believe in crypto. If they truly did, why did they convert to fiat? It seems this was the plan all along, why wasn't it presented up front? This seems like a cash grab. They wanted the cash and they got it and thought by not releasing the addresses it would never be discovered. Not too honest in my book.
The crypto turned to fiat project. Disappointing. Now they have cash, there is ZERO possibility of accountability for those funds now. ZERO! They have every excuse in the world now not to provide proof. The very reason crypto was created, for transparency. And they voided that part of a crypto project.
I don't feel this is a scam, but I do feel there are some shady things going on in the backend. And now there is no way to make sure the team is on the up and up and not being shady with the funds. They can say they didn't spend on cars and houses, but where is that proof now? It worries me as half of my brain wants to give them the benefit of the doubt, but the other half of my brain sees all these "tricks" that are happening and can't shake the fact that something shady is going on.
It is very possible scam project, without development, just give them money, ico investors are pathetic, shouldn't trust this kind of no id dev team. scam