I thought of recent that Centra was starting to look like a good option to buy as they were moving forward with the wallet etc. With the current news of 2 ex team members being arrested and Binance putting out a statement saying they're risky and will look into it more for possible delisting I'm not to sure now.
It's a interesting one to keep a eye on because if they only have to do a few things to please the SEC and can continue on with the project SEC compliant then at this current price now ($0.13) it's a steal.
It's a interesting one to keep a eye on because if they only have to do a few things to please the SEC and can continue on with the project SEC compliant then at this current price now ($0.13) it's a steal.
I agree, but the risk is too much for me. I dumped my bounty tokens because of the negative press. While Centra could in theory recover, I can't help but think this does lasting damage to the brand. Also, besides possible delistings, I am concerned about a class-action lawsuit, which can potentially deplete the funds of the company. I just don't see much positive out of this. I wish Centra investors well, and hope they can turn things around, but I decided to take the hit tonight.
I should point out that investors who had done their research knew about the shadiness of the founders, as it was reported in the New York Times many months ago. Putting fake profiles and bios on the website is beyond stupid.
While I won't name names, to me that's a major red flag that I observed in another project recently that I dumped. Investors need to hold these companies to a higher standard than they currently do.
