IEO IDAX Scam - another worm, another can? Does it matter?
It’s not new. The issue unearthed by what has apparently happened to the CMA project that had IEO on IDAX.pro exchange is a bit of a Deja vu. Is it high time we paid heed? So imagine you are raising money for a new and exciting crypto project. You go to an exchange that kind of asks consent to update the IEO (Initial Exchange Offering) progress bar with the avowed explanation of leveraging some FOMO current. You are too lazy or ignorant to do some due diligence or too naïve to not blindly trust the exchange. There is some champagne bubbly announcement saying 95 per cent of the fundraising goal is met. But when you turn to the exchange it says only a tiny fraction of the huge claimed sum (which happens to be less than the money you pa …
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