Seele ICO Investors Robbed for $2M by Fake Admins

Investors in the ICO of Seele project have been scammed by Seele employees who turned out to be fake, but nevertheless managed to make $2 million worth of ETH
05 February 2018   777

Seele project was stated to be empowered by an up-scalable Neural Consensus protocol for high throughput concurrency among large scale heterogeneous nodes and to be able to form unique heterogeneous forest multi-chain ecosystem.

As it was reported by Financial Magnates, the investors in the ICO of the project were scammed and robbed for $2 million worth of ETH. The scammers were the impersonators of Seele ICO employees.

Seele Telegram Group
Seele Telegram Group

The users of Seele ICO Telegram group were attacked by two accounts who presented themselves as the approved admins, stated that the ICO has already begun and that the new users, who joined the group, are already able to participate in the crowdsale and make investments.

The representatives of Seele project claimed that the people who demanded money in the Telegram group were impersonators of the real admins.

We are deeply sorry for the problem caused by the “@seelesupport” and “@nicsmith” scammer and are taking full responsibility for it. We care about our community and are taking all necesarry precuations to prevent something like this from happening again.
 

Seele Official Statement

At the press time the balance of the scammer's wallet is more than $2 million worth of Ethereum.

This is not the first time the ICO investors are loosing their money, for instance, the investors of Bee Token ICO received phishing emails which contained fake cryptocurrency addresses for their contributions, and the hackers were able to steal 700ETH.

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Centra Tech Inc. Co-Founder accused With Fraud by SEC

The US Securities and Exchange Commission (SEC) has charged Centra Tech Inc. co-founder, Raymond Trapani with ICO fraud  
25 April 2018   85

The charge came as the result of the SEC’s investigations into Centra’s controversial $32 million USD initial coin offering (ICO). Mr. Trapani is the third and final Centra co-founder to be accused for taking part in the ICO.

Raymond Trapani, a co-founder of Centra Tech Inc., has been charged by the SEC for his participation in “a fraudulent scheme connected with Centra’s 2017 ICO.” In 2017 Centra made headlines after enlisting celebrity approval from Floyd Mayweather and DJ Khaled. Two other firm`s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were charged by officials earlier this month for their engagement  in the distribution of “CTR Tokens” to investors.

A changed variant of the SEC’s complaint demands that Trapani was the “mastermind of Centra’s fraudulent ICO,” with an SEC press release alleging that “Centra [was] marketed with claims about nonexistent business relationships with major credit card companies, fictional executive bios, and misrepresentations about the viability of the company’s core financial services products.” The SEC accuses Mr. Trapani and Mr. Sharma of “manipulat[ing] trading in the CTR Tokens to generate interest in the company and prop up the price of the tokens.”

We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. 
Robert Cohen, Chief, SEC Enforcement Division’s Cyber Unit

 

The SEC has disclosed a text mail sent to Mr. Farkas and Mr. Trapani from Mr Sharma in what Mr. Sharma said to his colleagues “[w]e gotta get that s[***] removed everywhere and blame freelancers lol.” Mr. Trapani also demanded that Mr. Sharma “cook [him] up” a fraudulent document whilst the company was seeking to get CTR tokens listed on exchanges under misleading pretexts. Mr. Sharma replied to the request with “Don’t text me that s[***] lol. Delete.”

At the same time, the U.S. Attorney’s Office for the Southern District of New York has also looked for criminal accusations against Trapani. The SEC has revealed that text messages  jointly used between Centra’s co-founders discovered the scam purposes of the defendants.