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RE: LoopX Scam: Startup vanishes after raising $4.5 Million in ICO
To many people falling for scams like this! Always read the whole whitepaper carefully and do not ignore the tiniest red flag you can find and follow up on that. And also do a deep research on those people responsible for that particular project.
I do not understand how people fall for it without reading anything.
Because they are greedy and naive. Sadly for many people these days its enough when Mr. XY is talking 5 min in a video on youtube (usually riding around town in car) about getting rich, to invest in something, even dumping there lifesavings into it.
that is true @elleok . ppl get all psyched up for nothing