These Two Blockchain Start-Ups Pulled an $8 Million ICO Exit Scam

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By CCN: Two blockchain companies, JoyToken and RepuX, have been dissolved, according to UK business records. Both companies were founded and ICO-funded on the direction of the same people. A Reddit user broke down the scandal for r/CryptoCurrency, hoping someone might have more information. Andrew MacDonald’s JoyToken Winnings JoyToken was to be an “ecosystem” for gambling development. Game developers could use a toolkit and a common token to build provably-fair games. MacDonald saw this as an advantage over simply building a casino on Ethereum. The company never produced a working product. The token last traded for $0.00007146, says CoinGecko. According…
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These Two Blockchain Start-Ups Pulled an Million ICO Exit Scam

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