The founder of the German startup, Savedroid, allegedly would have fled after raising up to USD 50 million through an ICO and private financing, according to WirtschaftsWoche news.
Yassin Hankir, CEO and founder of Savedroid, made it very clear on Twitter why he disappeared:
Now the ICO website of Savedroid shows an image of an episode of South Park with a text that translates to "and left.".
"I can not confirm anything"
Social networks were fired before the alleged scam. The team behind the "Bitcoin alternative" BitCoin ONE (BTCONE) posted on Twitter that if Savedroid turned out to be a scam, it would donate 100,000 BTCONE to the victims.
Meanwhile, YouTube user, Theo Goodman, posted a video where he was in the Savedroid office, which was without anyone present.
The Finance Magnates review noted that Savedroid allowed people to participate in their ICO through 56 different cryptocurrencies, unlike the common practice of accepting only BTC and ETH.
Hankir was interviewed about his "success" at the Deutsche Börse Fintech Hub in 2017. A fintech founder close to Savedroid told Wirstschafts Woche that it's probably just a public relations play.