• Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam

    6 days ago - By Tech Crunch

    Another day, another exit scam. This time it comes to us from South Korea where an exchange, Pure Bit, has completely shut down after raising $2.8 million in Ethereum from investors.
    The exchange, which promised to deliver something call Pure Coin , was live yesterday and today is completely shut down after posting “Sorry” and “Thanks” to their communications channels.
    According to a Reddit thread, the team was anonymous and that the process of building and pumping exchange tokens is a “popular trend in Korea.”
    “They have gotten rid of every evidence,” wrote one reader. “Website hosted by...
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