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ICO fraud case study

Confido, an unregulated ICO startup, raised 375,000 USD, promised “guaranteed returns”, and according to bitcoin.com latest article Confido’s tokens are worthless. Moreover,  the Company’s website and social media accounts (including the owner account) were deleted.

The $375,000 “exit” scam highlights the risks that are inherent to the still largely unregulated ICO market.

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