Investors in Benebit are now facing the fact that the company may have just pulled off on elaborate exit scam worth $2 Million USD.
Benebit is (was) a blockchain startup that aimed to create a customer loyalty network whereby businesses and brands would be able to offer cash backs and discounts to consumers.
After just completing their ICO, the Benebit website has gone down along with their social media accounts.
Investigations conducted by users of the anonymous forum 4chan have uncovered that Benebit's CEO John Laverty's Linkedin profile was recommended by multiple fake accounts controlled by the same person.
Furthermore, even though Benebit boasted having a strong development team with connections to Goldman Sachs and Google, it appears the photo's for said development team were stolen from the staff page of a British boy's School.
The actions of Benebit should be a reminder to investors to always undertake due diligence when investing in the crypto space.
Do your own research, and always check the background of all the team members before making a decision to invest.