After 2 years of warnings and red flags, the Sugarexchange Founder,
that would seem to be Adam Sax (TheSkyGuys ltd.), finally announces that the project cannot continue due to financial problems.
Adam Sax, I want to clarify that people found his name after investigations, but the team actually remained anonymous even after the announcement of the closure.
Some people had warned many times that the team was not investing in the project but was spending millions of dollars in ico, like Universal Labs, losing all the money during the 2018.
Someone was already thinking about a probable SCAM. After no updates for almost 2 years and the continuous dumping of coins on Coinexchange, Adam Sax announces the stop of the project.
Many important companies, and people were connected to the project:
Modulus Global, Rankhigher, Natashya Bay from TheSkyGuys Ltd, Seth Bandi and Madison Fazio from Ldr Investment, Onfido.
Literally the project stopped in the first part of 2018 without updates. The exchange has never been completed, no financial report, investors are still investigating the names of the team members. Many people are reporting the subjects in question to the SEC, to assess whether it was a Scam and to have clarifications.
