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Cryptoeats Disappear After Raising £ 500K From Token Sale – Bollyinside – BollyInside


Cryptoeats, an organization that proposed to assemble a crypto-based Ubereats elective, vanished from the web only minutes subsequent to dispatching its authority token. The organization, which had an authority site and professed to have raised funds to assemble their proposition, expressed it had run a public beta of the help, collaborating with evolved ways of life like Nando’s and McDonald’s. Furthermore, the startup guaranteed it had as of now onboarded in excess of 100,000 clients, who have joined to download the application and use it on dispatch day. Be that as it may, the developers of eats, the native token of the platform, emptied the wallet holding the funds coming from the initial token sale, stealing more than £500K from investors, according to reports. Before long this, every one of the web-based media records of the startup vanished, alongside its site.

Locally, Cryptoeats has also done its job of getting UK influencers to promote the new initiative among their fans. Joey Essex, a reality TV celebrity who has promoted Cryptoeats, told local media he laments the situation. Essex pointed out:

Cryptoeats looked legitimate
Cryptoeats feared they would appear legitimate before they disappeared. The company first released a public relations statement in which it claimed to have raised $ 8 million in its Series A funding round in 2020. The public relations statement, released on October 16, said the company was ” willing to take a big chunk of the $ 16.6 billion. delivery application market. The statement was posted using Globenewswire and was posted on the Yahoo Finance website, but both references have now been removed.

I’m fuming. This company has used my name to trick a lot of people into investing money. It’s disgusting and I feel bad for anyone in this situation.

But Essex wasn’t the only local celebrity promoting Cryptoeats. Many other influencers attended a launch party last week in London, where Cryptoeats clothing was shown and worn by some of the assistants.

News Summary:

  • Cryptoeats Disappear After Raising £ 500K From Token Sale
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