Many Of The Neo ICOs Have A Bad Start

The Neo platform came as a good sign. Anybody interested in the cryptocurrency business will tell you that it was a good thing. When the platform launched its Red Pulse ICO in 2017, it was real. It still is. Since then, Neo has been able to accommodate several other ICOs. I fact, according to available data, Neo has been able to provide more than 12 ICOs, which is a clear indication that the initial plan is working on well. A report from Neo says that the 12 ICOs are not the only ones. Another dozen of ICOs is in the pipeline, which gives more evidence of proof that the program is working well.

Why Are The Neo ICOs Having A Bad Start?

Regarding fundraising, these crowd sales are doing a very commendable job. It is from these crowd sales raise millions of dollars. This money will go to various programs.
It doesn’t mean that everything is smooth. There are technical issues. A recent report shows a large number of Neo’s ICOs have been marred by technical problems, which is a big challenge, especially for new startups.

Apex Attack

A perfect example of the technical challenge is Apex. The company reported that its system was hacked. It is true that a hacker managed to hit the system. In the process, the intruder managed to change the websites contribution address. He removed the address and replaced it with his. What was the result? Before the problem was noticed, the hacker had vanished with 1, 056 news. It was after the attack that Apex wrote through its Telegram channel.

Immediately Took Down Website

“A short while after the start of our crowd sale, something stupid happened. Malicious actors were able to take control of our website. They were able to change the correct ICO address. We decided to immediately take down our website and go an alternative route, i.e., post the correct address via our social media (Telegram & Twitter). We also posted a selfie of our CEO showing the correct address time stamped on a piece of paper,” the note said.
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Millions Of Dollars Stolen

The note continued to say that all contributors whose money had gone to the wrong address will receive their money. “We will make sure that users that have contributed NEO to the wrong address will receive their proper amount of CPX. Only payments made to the specific address in the website will be honored,” the Telegraph post concluded. In recent day, many startups are outsourcing funds for various reasons. One primary goal is to run a cryptocurrency exchange.

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