November 9, 2018 - South Korean Crypto Exchange Pure Bit Exit Scams 13’000 ETH

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After raising over $30,000,000 in an ICO selling their tokens to create a cryptocurrency exchange in South Korea, Pure Bit defrauded their initial investors and customers by executing an exit scam which started on November 9th. . According to Korean blockchain news provider Blockchain ROK, newcomer exchange Pure Bit has effectively exit scammed with at least 13,000 in investor Ethereum in hand. Source: CCN