Well these are the things that tarnishes the image of crypto as a whole.
And it justifies the need of regulations. Free and open are just good to hear but in real are dark and evil.
Topic: Co-founders of Centra Tech arrested (Read 336 times)
SEC should also look in to the youtube ''experts'' who are promoting these scams to their followers.
Most are paid by these scam ''companies'' to promote, especially scumbags like suppoman who was promoting the shit out of Centra as well as others.
People should stop being a sheep and do their own diligence before parting way with their hard earned money.
Most are paid by these scam ''companies'' to promote, especially scumbags like suppoman who was promoting the shit out of Centra as well as others.
People should stop being a sheep and do their own diligence before parting way with their hard earned money.
It got Delisted from Binance aswell as i see in Telegram binance announcements group . Thats what money does to people , people start to think only about themselves and greed takes over .
If authority finally starta to arrest the scammers and the dishonest, maybe the market becomes a bit clearer and less savage.
Although it will take a long time before cleaning, this seems like a great start.
Although it will take a long time before cleaning, this seems like a great start.
I don't think this is the first or the last.
Because people just want to profit from the hype, they ignore the risk of investing in these tokens.
Because people just want to profit from the hype, they ignore the risk of investing in these tokens.
I don't think they can recover from this, they seriously misled the public. No trust from me.
It would eventually change everyone's attitude here especially to those who never intend to do good and sharing bad ideas .
I was shocked when I read this news that they have been arrested. Checking Binance I saw the price has tanked several percent.
They have a working product with cards shipped out to investors. I think the project will still continue
They have a working product with cards shipped out to investors. I think the project will still continue
Thisi so awful because i am a bag holder of centra and today its price was dumped to hard and i lose approximately 3bitcoins for this shit news! If i would turn back the time i wont invest to this coin,as far as i know these people tried to hide themselves by using other's identity and it must be the consequences of today's arrest clearly SEC is going to crash all those scammers in the market.
This is indeed a bad news for those centra holders,it causes a lot of panic to the community that is why people are dumping the coin too much,this might affect the whole eco system because it was a good project from the start though it looks like a scam for me that is why i didnt participate the ICO,and i only got these tokens from the bounties however it is sad to see a coin which you expected to get you more profits to collapse that easily.
This project had too many problems in 2017, a lot of promises and very little actual work, mostly the founder simply withdrew money and waited for the opportunity to withdraw money from the project, but he was arrested earlier. Sorry investors, they were waiting for good news.
Centra Tech, a widely advertised ICO had it's co-founder arrested after they were trying to escape the country with collected funds.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
thats ridiculous
but many gimmicks do that nowadays,
people that take cryptocapitalism serious and have to skill to do that are rare.
lots of short term profit oriented people, but in the end their current assumption that the us dollar stays stable will fall.
sometimes i feel like a lone wolf in this industry.
Centra Tech, a widely advertised ICO had it's co-founder arrested after they were trying to escape the country with collected funds.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
Thats the reason if you see some star , celebrity advertising ICO project then its a red flag . Ofcourse they get paid for puting his faces all over ICO project . Im really waiting for regulations to regulate ICO's more closely and close half of the projects out there .
I pitty those people who supported this project from its ICO and holding it until today,it seems that the value has exponentially decereased as soon as the news has been in public,that is why we be aware with all the things with every coin we are holding so that we wont lose a lot of money if anything like this happens,the project was intended to be a scam back then but the founders decided not to scam people as they are try to be more legit now!
This is bad for those who are holding centra coin,because the price has been dumped from time to time when this news has come out,surely people know what will happen next to the coin,that is why we need to know each other's coin so that you wont be surprised when the authorities are going to arrest these people behind these scam ICOs!
Centra Tech, a widely advertised ICO had it's co-founder arrested after they were trying to escape the country with collected funds.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
I hate bad news in the crypto community. It is bound to happen with so many ICOs out there. This one is pretty awful though. Don't give up on the entire community as a whole because of some bad apples.They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
Yes, I also read this news, I think that they will decide everything and everything will be fine with them, because they will start sharing with the SEC received or collected funds and all charges will be immediately removed.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
Mayweather should be arrested too for aiding and abetting crime. I think it is good news, so scamers will know that they could be put in jails. Hope in the future there will be less scam projects.
True, I wish there would be more and more security breakthrough in the cryptocurrency world that would make us honest investors feel safer and those scammers wary and unable to conduct their thievery due to much stricter law to protect not just cryptocurrency users but the whole cryptosystem and its credibility.
I'm sure they won't be the last to get arrested, these ICOs had better start delivering on their promises otherwise the FBI will come knocking on their door. Too many are promoting with fake claims as it is too easy to get away with it. This is the start of a cleaner and fairer ICO system
This is just alarming because if you are an investors back then you could lose a lot of money now as centra is dumping its price too hard because of the news that are spreading too fast,get out while you still can or else you wont get recovered what you ahve invested to.These people if proven guilty deserves what they will receive,from be cheating in ICO.
US SEC is on this website i suspect did someone gave compliant to SEC or else they came across Centra fund but US govt strict supervision is going on ICOS globally
With so many scammers who have jumped into the crypto world, this one will not be the last to be arrested.
Thank goodness that we start to do a little cleaning.
Thank goodness that we start to do a little cleaning.
Yes I heard this news , very sad ,the coin fell off . many people believed in this project ,but now it has lost the hope of its investors . with great care you need to choose projects
I pitty those people who bought from its ICO and keeping it until now,probably they have lose a lot of money and the opportunity to secure their investments,this is the reason why centra has been dumping hard today because those scammers got caught,SEC is being more and more agressive because most of these ICOs are too scared about the regulation!
It's mind boggling that even in today's world where the long arm of the law is longer than it's ever been, people are still trying to flee and commit fraudulent activity, all in the name of a few million dollars. I'm glad this happened. Hopefully it will deter future violators. The more get arrested the better.
thats why this person called scammers because they cant live doing fair instead life for them must be easier to have ,and no hardship this people dont have to be trusted and must put in jail ,so they will be great example for those candidates for scamming that this will happen to them if they dont stop monkey business
This is odd,because its ICO has achieved success 
so it only means these people really didnt used their real identity in the ICO phase they must be changed their mind to scam people that is why they wanted to legalize its use when the ICO has ended,but unluckly SEC is carefully watching each campaigns or ICOs in the U.S premises that is why they got caught badly.
so it only means these people really didnt used their real identity in the ICO phase they must be changed their mind to scam people that is why they wanted to legalize its use when the ICO has ended,but unluckly SEC is carefully watching each campaigns or ICOs in the U.S premises that is why they got caught badly. 
This is a good sign because people runing icos need to realise that the same thing can happen to them if they try to scam people for their money.Just one step further in regulating crypto and necessary thing for a new crypto bull run
Oh my God, only to think anyone can just take all the collected stenstva and slip. ICO is still too risky to invest. I prefer buying coins from exchanges, it's more reliable.
Centra Tech, a widely advertised ICO had it's co-founder arrested after they were trying to escape the country with collected funds.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
Well if these people did something wrong with the investors they are probably deserve what they have! floyd mayweather is just a dickhead who wants to earn more money from anything,this is all about the money that is why floyd have endorsed it to the public,floyd surely has a lot of centra investment that is why he didnt bother to promote a scam ICO. They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
That is good for hin and his scamming team. The security should be congratulated for having an eagle eye to nab him. It is now pay back time all his team
members and self looted will be reimburse plus jail sentence hanging over their heads.
members and self looted will be reimburse plus jail sentence hanging over their heads.
A good ICO does not need influencers to succeed and bring a viable product life to the market. Also, it is not cool for the investors who invest in this startup and the founders try to commit a fraud.
I am quite shocked when I hear of this news today. Centra has a working product, some users have received the cards and start using it. Anyone know why are the founders arrested?
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
Naah. how dare you think about that? He is a well known crypto enthusiast and probably coulanteered for that job without any payment.By the way not so long ago Steven Seagal endorsed Bitcoiin project (even the name of the project is retardly phishy) and then left it together with the whole team after the ICO. Why people expect celebrities to guarantee that the project is legit?
This is sad,i have been holding centra for about half a year now why would these happen to us? these people from the past seems to be legit and now all their scandals are popping out ! they should warned us from the start clearly the SEC is just getting some old crap to be recycled why now? these people didnt tried to scam people as far as i know.
Damn!
This ICO pro scammer going crazy. I think it's enough for us to hear this bad news.
Every week, I read a lot of people getting REKT because of a scam ICOs. This is not good for the future of Crypto ecosystem. I know some good project which can against a scammer activity. It's called BLUE. They claimed that the next launched SDK can overcome this scam activity.
This ICO pro scammer going crazy. I think it's enough for us to hear this bad news.
Every week, I read a lot of people getting REKT because of a scam ICOs. This is not good for the future of Crypto ecosystem. I know some good project which can against a scammer activity. It's called BLUE. They claimed that the next launched SDK can overcome this scam activity.
If the SEC really wants to make an example they'd arrest Floyd Mayweather and DJ Khaled too, I'm sure they weren't ignorant with what was really going on.
Centra Tech, a widely advertised ICO had it's co-founder arrested after they were trying to escape the country with collected funds.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
I guess this will be happening as fast as possible. I don't like all of bullshit promises from the centra project because it was a little bit scammy when i was seeing some big promises when the crowdsale still running. They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
in 72 hours binance will be delisting centra from binance exchange site and look at the price of centra right now how the centra holders are rushing to sell their money as fast as possible.
I think it is good news, so scamers will know that they could be put in jails. Hope in the future there will be less scam projects.
Whenever a new market appears, and the rules are not clear, it is inevitable that someone tries to take advantage of the situation.
But the scammed are as guilty as the scammers, since usually you need just a little attention to identify the scams.
But the scammed are as guilty as the scammers, since usually you need just a little attention to identify the scams.
it is a great pity that the team turned out to be scammers. because the project could be very profitable and necessary for crypto business.
This is a great news to hear that the scammers are arrested. But one big reason for this to happen was it came in the eye of most everyone due to the famous celebrities promoting it making it more widespread and keep a close eye on the team which ultimately turned out to be the reason which caught their scam. It's not completely right to say that the celebrities lied for money as they could also have been fooled by the team. The point on what to be focused right now is how the money is to be returned back to the investors safely.
Still, there are lots of ICOs turning out to be a scam which does not get caught and the scammers get away with it roaming freely. Maybe ICO 2.0 could be a solution for this issue.
Still, there are lots of ICOs turning out to be a scam which does not get caught and the scammers get away with it roaming freely. Maybe ICO 2.0 could be a solution for this issue.
I invested in the presale but what got me disturb was that they keep changing the terms of their ICOs and seems so desperate to collect money from people without any just cause, so fortunately for me the tokens was selling on the exchange when their ICOs was on, I just sold all my tokens at profit. I can't say I am shocked this is happening
you are a smart man ,good luck with you ,but i lost my part of my money with this. i didn't know how should i do ,price is falling again and again . -57.93% right now .
I invested in the presale but what got me disturb was that they keep changing the terms of their ICOs and seems so desperate to collect money from people without any just cause, so fortunately for me the tokens was selling on the exchange when their ICOs was on, I just sold all my tokens at profit. I can't say I am shocked this is happening
coming to an ICO near you soon
What happend with this 32 milions?
That would be an issue. Though I believe authorities would try their best to return the funds to the investors (who comes out) as they had did in previous few frauds. This justifies how celebrity endorses an ICO and how easy is it to get fooled.
It's mind boggling that even in today's world where the long arm of the law is longer than it's ever been, people are still trying to flee and commit fraudulent activity, all in the name of a few million dollars. I'm glad this happened. Hopefully it will deter future violators. The more get arrested the better.
What happend with this 32 milions?
Same things are gonna happen with many faky "fintech" ICO's soon.
Centra Tech, a widely advertised ICO had it's co-founder arrested after they were trying to escape the country with collected funds.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
They were successful in raising 32 millions by claiming to offer a variety of financial products, including a debit card backed by Visa and MasterCard, with which users could instantly convert cryptocurrencies into US dollars and other legal tender.
Floyd Mayweather had previously endorsed the ICO, probably a paid job.
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