LoopX Start-Up Raised $4.5 Million on ICO and Vanished

Home / LoopX Start-Up Raised $4.5 Million on ICO and Vanished

The project that promised their investors gains by running the algorithm of prop-trading (at the expense of their own funds) has suddenly disappeared after collecting $4.5 mln on ICO. The company removed its website and all social media accounts, including Facebook, Twitter, Telegram and YouTube. Five token sales in January this year brought a total investment of 276 Bitcoins and 2446 ETH. Interesting to notice, that a month ago Reddit published a warning regarding LoopX, but no one paid attention to it. From beginning of this year, this is already fifth case of exit scam.

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