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Prodeum Teams Volatilize a Few days After the Launch of Their ICO

Some ICOs multiply the promises … then disappear overnight. This is the case of Prodeum, which recently removed its website to replace it with an astonishing message. If some Internet users evoke on Twitter a flight on the equivalent of several million dollars, the booty could be much less consequent …. suddenly disappears

After Confido , whose leader had suddenly become voltailisé after obtaining 380 million euros in Ethers, it is Prodeum’s turn to be linked to an “exit scam”.

However, everything had happened so far for the better: this project, rather ambitious, aimed to promote logistical traceability  , through the token PIIT – a token that was offered to investors.

Until the site of this entity based in Lithuania , a country known for its startup ecosystem,  does not disappear suddenly  – to leave room for an unequivocal message :

We remember that, on the side of Confido, users scammed had massively relayed their situation on social networks.

For this much darker ICO, the deal seems to be different . It was always difficult, at the time of writing this article, to know if an investor had really lost significant amounts in the context of this fundraising, which started on January 20th.

Millions … or “only” 2650 dollars?

To date, the Prodeum White Paper seems to be the only remaining trace of this project. It is also always possible to consult it with  this Google Docs.

According to , the address to which users were invited to send funds was:  0x931D387731bBbC988B312206c74F77D004D6B84b . And if that were the case, we could rejoice: it has managed to receive “only” 2.735228 Ethers – about 2650 euros , sent by about fifteen Internet users.

On Twitter, we have not managed to find an investor claiming to be a victim of this ICO. It is likely that the losses associated with this “exit scam” are rather limited . It would be above all a bitter failure for the Prodeum teams,  who would not have managed to arouse the interest of the investors .

Note however that the site Bitnewstoday indicated that it would be a theft of $ 6 million – which would change the game completely. For its part, the IcoWatchList site relayed a “progress” of the ICO to 18%, suggesting that the startup has already managed to raise significant sums.

After the recent $ 530 million robbery of XEM coins, one could imagine that this abortive fundraiser, if it only covered a few thousand dollars, should be quickly forgotten. It at least has the merit of recalling the risks associated with ICOs :

The post Prodeum Teams Volatilize a Few days After the Launch of Their ICO appeared first on 5 to 9 News.

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Prodeum Teams Volatilize a Few days After the Launch of Their ICO


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