One other day, one other $50 million ICO exit rip-off • TechCrunch


Savedroid, a German firm that purportedly raised $50 million in ICO and direct funding, has exited with a bang. The location is presently displaying the above picture and the founder — one Dr. Yassin Hankir — has posted a tweet thanking buyers and saying “Over and out.”

A reverse picture search discovered Hankir’s photograph on this page for Founder Institute, and he has pitched his product at a number of occasions, together with this one in German:

[youtube=https://www.youtube.com/watch?v=XUgvys6Ie70]

Savedroid was initially supposed to make use of AI to handle person investments and promised a crypto-backed bank card, a declare that CCN notes is popular with scam ICOs. It ran for numerous months and was clearly well-managed because the group was in a position to open an workplace and seem at a number of occasions.

One Reddit person go to SaveDroid’s workplaces and recorded this desolate scene:

[youtube=https://www.youtube.com/watch?v=BEBp1ASTGR0]

Nonetheless another wrote: “The CEO on their twitter feed posted this a number of occasions ‘contribute now to take part in our #Airdrop and turn into a #Crypto Millionaire.’ Not about know-how, its all about GIVE US MONEY AND WE WILL MAKE YOU A MILLIONAIRE. Anybody who fell for this regardless of all of the warning indicators can blame nobody however themselves.”

The beer Hankir is holding in that picture is Egyptian, and one can assume that the backdrop is well recognizable and designed to throw pursuers off the path… for good cause.

UPDATE – The exit rip-off was faked and the corporate is seemingly nonetheless a going concern, albeit after squandering all investor belief.





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