November 9, the South Korean news resource BlockchainROK announced that all official channels of communication of new bitcoin exchange Bit Pure messenger Kakao had been purged, and the project site is not available. Earlier exchange in the framework of the ICO has attracted more than 13 000 ETH (approximately $2.8 million) for the development of the Pure project Coin, but in recent days these funds almost in its entirety was withdrawn on a third party wallet.
🇰🇷 — New Korean exchange Pure Bit just pulled an exit scam claiming 13,000 ETH from its investors, as we speak. Kakao channels are emptying and the site has been pulled.
This is why we can’t have nice things. Karma comes back hard when you screw this many people over. pic.twitter.com/GDkjiz1gAq
— Korean Cryptocurrency & Blockchain News (@BlockchainROK) November 9, 2018.
According to the discussion thread on Reddit, the members of team Pure Bit not disclose their identities. A personal account of the founder of Kakao messenger was renamed to “Excuse me” in Korean.
The founder’s Kakao account caption just says, “I’m sorry.” And it’s written in high formality.
Brutal! I wonder if that’s sarcasm or if he actually #feelsbad 🤔#exitscam #yogibearmarket (Yogi 요기 in Korean means “over here/it’s here”.) pic.twitter.com/Y3J6oPvdRc
— Korean Cryptocurrency & Blockchain News (@BlockchainROK) November 9, 2018.
Although it is too early to say that the government really carried out the exit poll Scam, as the history knows examples when startups were just ragging on their investors, it all points to the fact that funds can be lost forever.
It is noteworthy that in addition to the basic amount from the purse exchange was carried out one transaction of 500 ETH, which in the end turned out to be at address with more than 48 000 ETH, where for the past hour Finance small transactions for different wallets.
Note that in this month the South Korean government should consider the legalization of ICO.
Earlier in the exit same accused the leadership of the canadian exchange MapleChange, although the founders claim that the platform was hacked.
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