Biggest ICO scams that you didn't know about ...

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Earlier this year, in March 2019, the authorities in Canada froze two accounts belonging to Lisa Cheng and Kevin Hobbs. The two owned a company called Vanbex, which held an ICO in 2017, and managed to raise around $22 million by selling a token called Etherparty (FUEL). Etherparty is led by CEO and Co-Founder Kevin Hobbs, Founder Lisa Cheng, Chief Architect Brian Onn, and Solidity & Full Stack Developer Jeffery Walsh. The company is based in Vancouver, British Columbia, Canada. Etherparty Conclusion. Etherparty is a blockchain technology company that aims to enhance the usability of smart contracts. Etherparty has created a smart contract wizard (currently ... Lisa Cheng, the founder of the Vanbex Group thinks that the lack of cryptocurrency fundamentals ultimately lead to unsophisticated analyzers who are responsible for bad predictions. Additionally, she has pointed out that the early Bitcoin investors still account for a large share of the market and have incentives to swing the price by publicizing forecasts, as do others who are betting long or ... In March, Canadian police froze the accounts of Kevin Hobbs and Lisa Cheng, whose company Vanbex raised $22 million in 2017 from the sale of the Etherparty (FUEL) token. Despite claims that FUEL would be used to create a smart contracts ecosystem, no such thing ever materialized, with court documents claiming there was no intention to ever develop this dream world. Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... Canadian Crypto Firm Owners Deny Being Behind A Fraudulent Scheme. Lisa Angela Cheng and Kevin Patrick Hobbs have been accused of conducting a fraudulent Initial Coin Offering (ICO) based on deceit and false statements.Apparently, the intention was not to develop the products advertised and yet keep the funds gathered.

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