ICO Exit Scam? 13,000 Ethereum (ETH), Crypto Startup Disappear Overnight18.66

Although the fear of scams in the nascent crypto industry is often well overblown, on Friday, reports arose that an apparently South Korea-based crypto-centric startup pulled a devastating exit scam on its private sale investors, stealing thousands of Ethereum (ETH) in the process.

Korean Cryptocurrency & Blockchain News (BlockchainROK), a well-respected source inside and outside of the nation’s local crypto ecosystem, took to Twitter to convey the news to their followers, issuing a message on the subject matter.

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