Confido ICO is Being Called an ‘Exit Scam’; TokenLot Involves FBI

[kreslik.news]

Confido, a company that touted itself as a “smart contract” startup, has veritably disappeared, leaving its ICO investors in the dust with empty pockets. The Confido ICO, which raised US$374,000 – no small chunk of change, but a pithy amount in the ICO landscape – has left investors holding useless ERC20 tokens.

Shortly following the ICO, CFD tokens lost over 98% of their value, plunging from US$1.20 apiece on November 14 to just US$0.02. Following the massive drop, the Confido website and the company’s presence on social media were erased. Online digital assets associated with the company were deleted.

Confido’s ... (read more)