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Substratum: Project Facing Allegations of Missing ICO Funds
2019-01-10 10:24

Several users on Reddit and Twitter have raised some red flags regarding Substratum, an open-source project aimed at creating a foundation for the decentralized web. The Substratum team is currently undergoing a second ICO, this time to fund a new crypto exchange called Amplify. However, it seems that there is a discrepancy between the funds received and the ones declared on the whitepaper. On his personal blog, Brian Li published a post providing further evidence for Substratum’s missing ICO funds. “Substratum claims it received 602.1433 BCH during its ICO. However, the given BCH wallet address shows that 1304.26123096 were received in total. In other words, approximately 54% of Substratum’s BCH went unreported and unaccounted for.” (CryptoGlobe)

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