Enigma refunds investors after $500k scam [UPDATED]

After $500,000 scam attack in August, Enigma reimburses the investors affected 
26 October 2017   2678

What happened 

A hacker managed to compromise Enigma project before its ICO netting over 1,500 Ether (over $500,000) from the community.

On August 24th, Guy Zyskind, co-founder and CEO of Enigma, makes an announcement to address growing concerns over the hack that resulted in investors being scammed.

Firstly, the man highlights Enigma's gratitude for the support from the community. However, as Zyskind notes, "there’s nothing worse than having people who join our ranks ... fall victim to a malicious act". 

So we are taking responsibility. ... We will restore funds to everyone that lost money in this recent scam attempt after our token sale concludes. We’ve already been in direct contact with some of the affected parties. 
 

Guy Zyskind
Co-founder and CEO of Enigma

Thus, Enigma's CEO encourages everyone who lost funds to reach out to the company with information about themselves and their transactions. 

As far as Enigma's future plans are concerned, Guy Zyskind mentions that the team is to   live-stream their token sale on September 11th in order to remove any doubt about information shared during the token sale.

The present day

Now, on October 24, the project finally reports that the victim recompensation and sale refunding is complete.

As reported, Enigma is continuing to work with those victims who have not yet provided wallet ownership confirmation. The company has already reached out to all those who have submitted a report, and the final deadline for wallet confirmations is the end of the week (October 27th).

In addition, all ETH/BTC refunds from overcontributions during the token sale have been distributed


Conducting a safe and efficient token sale is often a difficult and complex process, and we know there were many elements of the ENG sale process that could have been improved. With the sale now finalized, we continue to reflect on the challenges of our token sale and look ahead to building our protocol, our product and our business successfully.
 

The Enigma Team

The team also stresses that Enigma is dedicated to transparency, honest communication, and execution, and it will continue to demonstrate this commitment and maintain the users trust. 

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   333

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.