Andreas Kartrud’s first smart-contract Ponzi scheme has collapsed.
EtherChain was certainly one of three scams Kartrud has launched, as a part of his Eclipcity Ponzi manufacturing facility.
Someday over the previous twenty-four hours Kartrud uploaded the next message to EtherChain’s web site:
ETHERCHAIN WILL BE RELAUNCHED WHEN ETHEREUM 2.0 PROTOCOL IS FULLY RUNNING, THANK YOU FOR YOUR PATIENCE, EXPECT GREATNESS.
In keeping with the Ethereum Basis, ethereum 2.0 is “a long-planned improve to the Ethereum community”.
There is no such thing as a ethereum 2.0 launch date, not that it issues. EtherChain collapsed for a similar motive any Ponzi scheme does, new funding ran dry.
In an try and delay EtherChain’s collapse, Kartrud recycled his smart-contract script to launch TronChain late final month.
TronChain has presumably additionally started to break down, prompting Kartrud to launch CyberChain final week.
In our revealed CyberChain evaluate, we famous Kartrud had lately traveled from his residence nation Sweden to Montenegro.
On the time I didn’t have any motive to consider this was nothing greater than an oddly timed vacation.
Kartrud ready until he’s out of Sweden to announce EtherChain’s collapse suggests he is likely to be on the run.
In keeping with the Eclipcity web site, EtherChain solicited $19.4 million in ethereum. By means of admin positions, a big share of that may have wound up in Kartrud’s pocket.