OKEx to Unveil First Jumpstart IEO Date

Blockcloud IEO will take place on 10th of April
04 April 2019   1128

OKEx Cryptocurrency Exchange announced this Thursday the date of the first initial stock exchange placement (IEO) on its OK Jumpstart platform.

Founded in 2018, the Blockcloud project is engaged in "creating an advanced TCP / IP architecture on the blockchain to ensure a permanent connection to dynamic networks."

Earlier, OKEx provided detailed conditions for participation in IEO on OK Jumpstart, according to which the individual share of each campaign participant will be determined in accordance with the number of OKB tokens stored on his account 7 days before its start.

Dutch Crypto Startup Founder Busted

Komodore64 said they developed blockchain games and sold $86 000 000 worth K64 tokens, but investors don't receive any profit
13 November 2019   150

Dutch police arrested the founder of blockchain startup Komodore64, who allegedly raised $ 86 million from private investors. The company has already filed for bankruptcy, and investors and employees accuse it of fraud, according to Sprout.

Komodore64 developed blockchain games and invited investors to invest in the K64 native token. One of the investors, the newspaper writes, lost 600 thousand euros. As soon as partners and employees publicly stated that they had not received the promised fees, the company filed for bankruptcy.

Founder Sam Narain allegedly convinced investors that the startup supported the banking giant Goldman Sachs, but a group of bank representatives at one of the meetings turned out to be fraudulent.

In recent weeks, Narain has been living in the Hague Hilton, where he was hiding from angry investors. The names of his possible accomplices are still unknown, as is the fate of money.

Employees claim that only a party in honor of the launch of the project cost tens of thousands of euros.