n nn nn A South Korean ICO has defrauded its private sale investors out of roughly 13,500 ETH $2.8 million before disappearing from the internet entirely.Pure Bit, which has already pulled the plug on itswebsite, has apparently conducted a fairly routine exit scam for its Pure Coin token sale. The cryptocurrency was pitched as an exchange token for Pure Bit, an exchange that was supposed to launch by the end of the month. The Coin promised to give investors shares

Source and More information: Fraudulent South Korean Exchange Pure Bit Nabs $2.8M in ICO Exit Scam

Author: CryptScout.com