Today's Hard|Forum Post
Today's Hard|Forum Post

Monday February 12, 2018

Another Cryptocurency Startup Pulls Exit Scam With $4.5 Million

In what's becoming a theme, a report from TNW states that yet another cryptocurrency startup has pulled the exit scam, this time after raising $4.5 million in a series of initial coin offerings. The company LoopX has vanished, and pulled down it's website and all social media including Facebook, Twitter, YouTube, and Telegram accounts.

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According to a cached version of it's now deleted website, investors pledged 276 Bitcoin and 2,446 Etherium into LoopX. It was a bit obvious just based on the name, HyperLoop + SpaceX to hit all the buzzword goodness. All to just vanish with the investors money, and not even leave a farewell "penis." Rude.

"Finally the opportunity is here for the common investor to be part of a revolution and be finally free, financially free," said the now-removed LoopX white paper. "Our top priority is to give you an opportunity to sit back, let us do the work and watch your money grow."