Cryptocurrency startup LoopX pulls exit scam after raising $4.5M in ICO


Another day, another exit scam: an emerging cryptocurrency startup more commonly known as LoopX has suddenly vanished out of thin air along with millions worth of its investors’ savings. The sketchy investment platform, which promised to earn backers’ money with its proprietary trading algorithm, has abruptly gone dark after raising $4.5 million in a series of initial coin offerings (ICO). The company has since also pulled its website and deleted its social media fingerprint, including Facebook, Twitter, YouTube, and Telegram accounts. The only remainder from LoopX is a still active BitcoinTalk thread from December last year – that and its…

This story continues at The Next Web

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