Matchpool Denies Co-Founder Claims Its CEO Pulled $1.7 Million Exit Scam
Posted: Fri Apr 07, 2017 6:56 am
The Coin Telegraph - 4/6/2017 - Joseph Young - The Blockchain project Matchpool raised over $5.7 mln in 48 hours, with high anticipation from the community on its decentralized matchmaking protocol. However, the community was shocked the next day to discover the company co-founder Philip Saunders’ public accusations that its CEO Yonatan Ben Shimon had pulled an exit scam and disappeared with $1.7 mln of the funds raised. Similar to most Blockchain projects, Matchpool engaged in an Initial Coin Offering (ICO), a crowdfunding mechanism designed after the Initial Public Offering (IPO) process of conventional companies, to raise millions of dollars. Read more @ https://cointelegraph.com/news/matchpoo ... -exit-scam