Sounds like the timeline of an altcoin scam from ~2014. Sadly, a Bitcoin boom does attract scammers - and folks that get in over their heads! - who end up bilking investors.
I expected something like this. Sorry to hear that you were burned, just like I was a few times in 2014.
I don't believe it was a scam. The funds are being returned and have been so for a few weeks thanks to the smart contracts. If there were some funds taken it would be a very small amount and would have been from the private investors pre-ICO.
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They've been returned?? Wow. So there has been progress. ;-)
Thanks for the info.
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No, the funds from the first ICO, which I developed, have been refunded and that works perfectly. The problem is in the fact that the owner made a second "ICO" without the rest of the team which was just a regular Ethereum address to which people sent money. That money is not getting refunded.
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Oh, okay. Thanks for clarifying.
Believe it or not, that's still progress from 2014. It was so usual for scammers/failures to just vanish with the crypto, I was actually shocked when the promoter of a failed ICO refunded me my 0.5 BTC.
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That's the advantage of smart contracts. We wouldn't have built the original ICO if they said "no refunds". Building it into the ICO was a condition we had to proceed with the thing. Luckily that turned out to be a very good decision. Live and learn...
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