Mismanagement and Misdirected Funds: The ’21 Million’ Chainstarter ICO Story

CCN Mon, 8 Apr 2019

A couple years ago, a person named Nick Ayton and his partner, David Lofts, launched an ICO to fund a television show. They then went on to found Chainstarter, which helps ICO-backed projects get off the ground. Chainstarter’s Use of 21 Million ICO Money A deep-dive by Cointelligence paints a much darker picture of the project and its goals. On Yavin, a researcher at Cointelligence, tells the story from beginning to end. Riveting, to say the least, if you have an interest in blockchain projects, the report details how Nick Ayton and David Lofts eventually parted ways on bad terms The post Mismanagement and Misdirected Funds: The ’21 Million’ Chainstarter ICO Story appeared first on CCN