Slashdot Mirror


LoopX Startup Pulls ICO Exit Scam and Disappears with $4.5 Million (bleepingcomputer.com)

Catalin Cimpanu, writing for BleepingComputer: A cryptocurrency startup named LoopX has pulled an exit scam after collecting around $4.5 million from users during an ICO (Initial Coin Offering) held in the recent weeks. The LoopX team disappeared out of the blue at the start of the week when it took down its website and deleted its Facebook, Telegram, and YouTube channels without any explanation. People who invested in the startup are now tracking funds move from account to account in a BitcoinTalk forum thread, and banding together in the hopes of filing a class action lawsuit.

2 of 122 comments (clear)

  1. Re:Darn by Anonymous Coward · · Score: 5, Funny

    I can help you with that. First, we need a retainer for a lawyer. You can pay with VillLoseX coins. There will be a ICO soon. Buy all you can. Then when we win a trillion dollars they will be paid out in Fakerium coins. You'll need to buy some of those to set up an account. As you know, sometimes people will take all the real money you used to buy fake money, so I highly suggest buying a substantial amount of WorthlessCoin in case one of your other accounts is compromised. Whatever you do, keep buying XCoins!

  2. Re:Good by jwhyche · · Score: 5, Funny

    Well what do you know. I was dead wrong. Someone is making money off this bitcoin thing.

    --
    I read at +2. If your post doesn't reach that level I will not see or respond to it.