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It's sad to hear this story... due diligence on the mentioned agency was supposed to be done before committing a deal that involves a huge investment and such a big project. We all need to be super vigilant in this crypto space...

Hope justice gets served and Karatbars recover their losses and succeed with their business endeavors moving forward, keep us updated with the progress on the case if you can. Thank you for sharing

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3 votes

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hatu (76) · 5 years ago

Yes, I aim to make a follow-up piece on this.

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djlethalskillz (71) · 5 years ago

Respect I would love and would hope to hear justice will be served on this one so it will be a lesson and example for anyone else trying to scam in the crypto space

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exscudo (57) · 5 years ago

due diligence is supposed to be done before committing a deal that involves a huge investment in any space - anything else is just irresponsible.

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evanstinger (55) · 5 years ago

Trusting other party just because they claim they're 'number 1' in their industry, is another definition of blind love.

I hope Karatbars get their rights, and Steinberg should pay for his shenanigans!

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2 votes

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redglasslover (31) · 5 years ago

Part of the things we have to consider is that a lot of these industries popped up during 2017 which, due to high inflation was as close as many people got to printing money, I'm not defending them, just reminding ourselves of what point we got to.

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1 vote

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hatu (76) · 5 years ago

You're right.
Every token sale-related service was absurdly overpriced during the ICO mania of 2017. Even then, this 3M figure must have been a record.

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redglasslover (31) · 5 years ago

true that

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lcrestrepo (63) · 5 years ago

The karabarts project is very interesting

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1 vote

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wanderingmoon (52) · 5 years ago

Good read. I hope Karatbars is successful in all endeavors.

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2 votes

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abdullahyusuf (56) · 5 years ago

Very nice topics...

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1 vote

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klenthurston (39) · 5 years ago

Dude, that was weird but sounds good. Overpriced agency it's like a robber today, I support this one!!

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1 vote

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avinashsingh (9) · 5 years ago

It is interesting project.

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3 votes

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adedapo-glory (61) · 5 years ago

The ICO agency behavior is not good

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2 votes

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koufionou (38) · 5 years ago

at all

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likwid (70) · 5 years ago

This post earned a total payout of 0.017$ and 0.013$ worth of author reward which was liquified using @likwid. To learn more.

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doyi (3) · 5 years ago

It is good how they take legal action against them as that is not right behavior for them

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1 vote

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likwid (70) · 5 years ago

This post earned a total payout of 0.016$ and 0.012$ worth of author reward which was liquified using @likwid. To learn more.

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elianaelisma (72) · 5 years ago

Karatbars should take legal action to eradicate scams in the world of blockchain.

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3 votes

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crypto.piotr (70) · 5 years ago

Hi dear friend @hatu.

You have presented us with a whole investigation case with all the necessary evidence to dismantle any hypothesis.
I hope that the legal actions undertaken by Karatbars culminate positively for them.

This is necessary to happen, not only so that order is resumed in project activities and symbolic buyers can be honored, but to create a precedent in this matter of ICO scams.
As we can see in this case it depends not only on the company that is undertaking the project but also on the technology companies that are outsourced.

Hopefully, the resolution of this case lays the necessary legal basis to combat this type of fraud in the future.

All best, Piotr.

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1 vote

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unix123 (47) · 5 years ago

Very nice.. 👍👍👍

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1 vote

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tomb0171 (45) · 5 years ago

Good post

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jekhy (6) · 5 years ago

Thanks for the post.

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chireerocks (72) · 5 years ago

@hatu, These kind of unfortunate aspects in Blockchain and Cryptocurrency space is really pushing back this space. And for sure these kind of scamy actions should be stopped and towards these actions right action should be taken.

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mrmoneys (25) · 5 years ago

Interesting news. So

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mtl1979 (50) · 5 years ago

The whois information is incomplete, because only the server where the registration data is stored will show complete information unless of course legislation forbids showing information about private individual, like for example EU residents.

In some legislations anonymizer services are forbidden, but there is a lot of legislations where anonymizer services are allowed.

All other whois servers than registrar's own whois server show limited information so malicious users have harder time to harvest addresses or phone numbers for mass marketing or other illegal activities.

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plemmons (51) · 5 years ago

I heard of karatbar. It was good bullion backed if I remember correctly.

I wondered what happened to it.

Poor management is not so rare in crypto it seems.

Thanks for the info.

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jassi2001 (28) · 5 years ago

First of all congrats brother
The second thing i want to say that you write a great blog on block chain well don brow keep it up stay on top in trending ❤👣❤