Virtual currency startup 'LoopX' gathers about 500 million yen at ICO

When the startup "LoopX" which was collecting funds for the establishment of a new virtual currency gathered 4.5 million dollars (about 490 million yen) suddenly closed the website and all SNS accounts, It became clear that it got dark.

LoopX Startup Pulls ICO Exit Scam and Disappears with $ 4.5 Million
https://www.bleepingcomputer.com/news/cryptocurrency/loopx-startup-pulls-ico-exit-scam-and-disappears-with-4-5-million/

Start-up LoopX Disappears, Taking With It $ 4.5 Million Following ICO | NewsBTC
https://www.newsbtc.com/2018/02/12/start-up-loopx-disappears-taking-with-it-4-5-million-following-ico/

Collect funds by selling out new virtual currencies scheduled to be issued in advanceICOLoopX who was collecting a lot of money through Initial Coin Offering closed the website suddenly on February 13, 2018. furtherFacebookYaTelegram,YouTubeWe closed accounts one after another and disappeared. At the time of writing, only the Twitter account remains, but all the tweets that have been deleted are deleted, and only one link to TheNextWeb article is left. Although this article reports contents that caused LoopX to run away, it is unknown whether former administrator of LoopX posted by himself or whether another person got the same account name and posted after closing.

loopxcoin (@loopxcoin) | Twitter


Following this incident, those who invested in LoopX will start tracking the virtual currency and follow along. This is the same as when the virtual currency exchange "coin check" of Japan is stolen virtual currency, the victim group is on the net virtual currency forumWe are also considering bringing out class actionsAnd that.

In fact, one week before this incident occurs, LoopX had sent an e-mail to the effect that "I there is more surprised to surprise within one week!" To the investor. No way people such abscond incident had thought that hits it should not first, but in the virtual currency plate of reddit stood the thread that wary of suspicious movement of LoopX.

Discussion: Loopx - a scam ICO?: CryptoCurrency
https://www.reddit.com/r/CryptoCurrency/comments/7p5lzg/discussion_loopx_a_scam_ico/

In the virtual currency industry, there are many cases of fraudulent affairs related to ICO, and related organizations alsoWe are monitoring virtual currency and ICO marketIn addition,Countries to consider introducing virtual currency and ICO regulationThere is also a situation that is coming out. In addition, Facebook announced a new policy at the end of January 2018 to prohibit the advertisement of financial products and services including virtual currency.

Facebook announces new policy prohibiting advertisement of virtual currency - GIGAZINE


"Virtual currency" is a new technology just born, it is no exaggeration to say that it is a world of fascination where good intentions and malice are mixed. We should not stop evolving new technologies, but in situations where sufficient regulation to contain evil has not yet been put in place, it is extremely important to treat with extreme caution at the individual level as well.

Tips for finding ICO fraud
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