Exit Scam
A fraudulent practice by unethical cryptocurrency promoters who disappear with investors’ money during or after an ICO or other fundraising methods.
A fraudulent practice by unethical cryptocurrency promoters who disappear with investors’ money during or after an ICO or other fundraising methods.
In an exit scam, a cryptocurrency's developers or promoters encourage people to invest in the coin via an initial coin offering, pre-mining, or another method, then suddenly disappear with the funds. It is one of the risks associated with cryptocurrency investment.
A company disappearing after raising funds through an initial coin offering, leaving investors with worthless tokens.
