South Korean ICO Pure Bit Pulls $2.8 Million Exit Scam

A fraudulent South Korean startup has pulled a $2.8 million exit scam, garnering 13,500 ETH from its ICO campaign before disappearing from the web. Pure Bit shut down its website after finishing its Pure Coin token sale on November 9th. The coin was intended to serve as the exchange token for the Pure Bit exchange. […]

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