Benebit, one of this yr’s most hyped ICOs, has pulled an exit rip-off, making off with a reported $2.7 million of investor funds. Different estimates put the determine as excessive as $four million. The fraud solely got here to mild after somebody observed that the crew photographs had been stolen from a faculty web site. As soon as this occurred, the Benebit crew scampered, taking their ill-gotten positive factors with them. The case is believed to be the most important ICO exit rip-off so far.
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The Loyalty Platform with No Loyalty
Benebit was imagined to be creating a foreign money for buyer loyalty. The ICO platform had large help, with over 9,000 Telegram followers and a optimistic ranking on ICO evaluate websites. As quickly because the rip-off surfaced, these websites wasted no time in scrubbing their evaluations or updating them to mirror the change of circumstances, regardless of…