The Confido organizer promised to return the money

Investors money was not stolen but deposited in a trust fund
27 November 2017   930

On the site of the Confido ICO startup that was not available earlier, an appeal from the Jonkers Van Gemert lawyer appeared, stating that the project did not have a goal to deceive investors, and most of the funds could be returned to investors.

This message is about Confido organizer sincerely regrets the appearance last week of rumors about Confido and that this was not a scum. Against the background of ICO results the project became impossible and its development was discontinued. Then, after threats against his life he deleted a website and social network accounts.

Also they report that the money are currently deposited in a trust fund until further notice. They promised that he will make preparation for refunds. All updates will be posted on site

Before, on November 19, the site of the Confido blockchain project suddenly became inaccessible. The startup, which earned more than $ 374,000 during the ICO, removed all the information from the page and accounts in social networks Twitter, Facebook, Reddit and Medium. The Hong Kong currency exchange KuCoin has already promised to pay to its customers that have CFD balances on accounts of 0.0000038 BTC for each Confido token.

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CFTC to Issue ICO Investor Advisory

Before buying coins, you need to thoroughly study their nature and understand what factors can affect their price, CFTC advises 
17 July 2018   120

The US Commodity Futures Trading Commission (CFTC) published a document with recommendations for potential investors in ICO projects and token buyers. This is reported by Coindesk.

The agency's document says that before buying coins, you need to thoroughly study their nature and understand what factors can affect their price.

Also, a potential buyer should remember that, depending on the structuring, some tokens can be derivatives, commodities or securities.

Buying digital coins or tokens only because you expect to sell them at a higher price later is the definition of speculation and carries considerable risk, regardless of how good a white paper, application or business plan sounds. Unfortunately, fraud is another significant risk to consider. Your best protection is to thoroughly research digital coins or tokens and exercise caution. 

CFTC ICO Advisory

The guide also states that before investing in the ICO, it is necessary to find information about the organizers of the project, and also to find out whether they themselves participate in their  ICO.

Representatives of the agency also refer to the study, according to which more than 50% of ICO start-ups ceased to exist during the first four months after the end of the token.