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A certain ICO project has issued a risk warning. After the project team completed fundraising, they temporarily adjusted the fundraising terms as follows: the target fundraising amount announced before the funding was $2.5 million, with any excess promised to be refunded. However, after the fundraising ended, the project team suddenly announced an adjustment to the policy, reserving $9.39 million and only refunding $100,000 to participating users. This reversal sparked community doubts — the fundraising scale increased nearly fourfold, yet only 4% of the initial amount was returned. Industry insiders pointed out that such practices constitute unilateral changes to the funding terms, severely shrinking investors' rights and interests. Some community members directly stated that this is a typical case of project team flip-flopping, calling on relevant exchanges and platforms to strengthen scrutiny of such projects to protect user assets.
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Holy crap, a $100,000 refund? Who's IQ is being insulted here? A 4x fundraising scale only returns 4%, the booster was installed backwards.
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It's the same old trick. Promises made before financing become worthless after financing. Such projects should have been pulled off the launch pad by the exchanges long ago.
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Brothers, this is a classic face-changing trick. Investors' rights are directly destroyed. If this mission fails, it's best to cut losses promptly.
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250 million vs. 939 million, how can the contrast be so huge? The project team really thinks we're on the Moon.
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The promised full refund suddenly becomes 100,000. Isn't this just a scam? Who would still dare to get on such a rocket?
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Old tricks again, first make promises then change faces, this circle is just like that.
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Damn, does the project team treat investors as fools? And they dare to play like this.
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What does the contract say? Or is it just not written clearly? It's a bit outrageous.
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Only refund 100,000? Haha, they’re just playing people like monkeys.
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A typical fundraising scam, if exchanges don’t intervene, it’s really time to shut down the scene.
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9.39 million pocketed, playing this game, even blockchain can’t save these guys.
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Every day there’s something new, this circle never lacks troublemakers.
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Promised transparency and decentralization, but it’s still the same old trick.
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People who invested in this must be so regretful now.