"Scam" of the Savedroid ICO to be a "Joke"

Looks like not all members of cryptocurrency community liked such a humour 
19 April 2018   1634

The German Savedroid cryptocurrency project, which raised about $ 50 million at the ICO and bid farewell to investors this Wednesday, announced that its scam report is a joke that was organized, apparently, to promote a new product.

In the video,Hankir said that the ICO sphere is full of scammers, and scam is everywhere. Yesterday Savedroid showed investors how easy even a well-regulated start-up can hide with their money. According to CEO Savedroid, the current situation threatens the future success of cryptocurrency start-ups and requires active action.

Savedroid is ready to share their knowledge with regulators and authorities to make a difference, says Khankir. In addition, Savedroid launches 2 of its own services. The first of these will be an easy-to-use and free list of items for the ICO, which will allow "in just a few minutes to evaluate any ICO and take a weighted investment decision." The second product is a paid service for the organizers of ICO, which will allow them to develop a campaign that meets the requirements of the list from the first paragraph.

User's reaction to the "joke"
User's reaction to the "joke"

The community did not approve such a way to promote new services and attacked Hankir and his team on Twitter and Telegram.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   410

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.