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by throwawayReply 2984 days ago
Did it actually raise 660m or was that the size of the "market cap" when it collapsed?

if I sell 100 tokens for a dollar then convince someone to buy 1 token for 10 dollars, if I run off with the money I've not run off with $1000 even if it feels like it for the people left with tokens.

2 comments

In these situations they sell their bullshit tokens for real money (or BTC/ETH), so they would have run away with the actual money or something within an order of magnitude, not some fantasy "market cap".
It sounds like they pulled the plug after as little as 2-3 months of supposed ~50% monthly increases. So the chance that the real money stolen is somewhere in the vicinity of 1/4 the apparent loss seems high.

Your figure of 1/10 to be conservative sounds sadly sensible.

This is an ICO. The scammers got paid in cold hard cash.
Well yes, but the question is how much?
> Well yes, but the question is how much?

The irony being that the blockchain was intended to answer a question like this....