Confido, a startup which pitched itself “as a blockchain-based app for making payments and tracking shipments,” disappeared from the internet this week after selling $374,000 in tokens to potential investors, Bitcoin News reported.
Shortly after raising the funds, the Confido website and Twitter accounts were taken down, and other traces of the company’s online history were removed from the web.
Google still has a cached version of the site and a who.is enquiry pulls up the following information, citing a residential Berlin address:
The Confido contract address currently has a balance of 0 ether and just 676 CFD tokens, worth a total of $21. As word broke of the exit scam on November 19, the token’s value plummeted by 94%. It’s currently trading on Kucoin, Etherdelta, and Mercatox.
