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deonbell

01-08-2018 10:44 PM

CEO Of Porn-Focused Cryptocurrency Disappears With Investors' Money

https://www.zerohedge.com/news/2018-...nvestors-money

Quote:

A cryptocurrency built for watching live-streaming porn is turning out to be a buzz-kill.

Four investors in the digital currency, called Fantasy Market, claimed last week that its shadowy CEO disappeared with their money ? and has not refunded all their investment despite repeated requests.

The alleged inability of investors to trade out of the Fantasy Market tokens, or FMtokens, could stand as a warning to all investors in the red-hot cryptocoin market.

Jonathan Lucas, the brains behind FMtokens, was aiming to raise as much as $25 million last year, according to Lucas? white paper ? the investment plan circulated among investors.

The tokens were to be used to pay for livestreaming porn.

INever

01-08-2018 10:49 PM

How to raise a few hundred thousand, or a few hundred million...
A business plan with pie in the sky projections, and some well rehearsed bullshit...
Seems so easy...

AdultKing

01-08-2018 11:02 PM

Quote:

Any remaining investors who have not received their refund should contact [email protected]. Please provide your transaction ID to help expedite the process.

All cryptocurrency investments were accepted in terms of USD, and the conversion rates used were determined by the market price at the time of the investment. Similarly, investments are being returned at the USD rate in which they were received. For example, if 1.5 ETH was invested when 1 ETH = 1,000 USD, then 1,500 USD will be returned to the investor, regardless of the current price of ETH.

Any remaining refund requests need to be submitted by April 1st, 2018

I see what they did there.

JuicyBunny

01-09-2018 05:54 AM

"Thanks for bankrolling my crypto investment scam....suckers!" :1orglaugh:1orglaugh:1orglaugh

Which gfy member is this?

Nice catch, AK. :thumbsup

Klen	01-09-2018 06:09 AM

I find it crazy how people so easily invest into many ico's without any concrete plan.

marlboroack

01-09-2018 06:14 AM

Damn dude

OneHungLo

01-09-2018 07:20 AM

I'm sure with the ICO market on fire, it's going to be the first of many.

JFK	01-09-2018 11:26 AM

Quote:

Originally Posted by OneHungLo (Post 22155426)

I'm sure with the ICO market on fire, it's going to be the first of many.

indeed :2 cents: :thumbsup

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