Substratum: Project Facing Allegations of Missing ICO Funds

Crypto Globe Wed, 9 Jan 2019

Several users on Reddit and Twitter have raised some red flags regarding Substratum, an open-source project aimed at creating a foundation for the decentralized web. The more recent concerns about the project were raised by crypto enthusiast Brian Li over a series of tweets. The Substratum team is currently undergoing a second ICO, this time to fund a new crypto exchange called Amplify. However, it seems that there is a discrepancy between the funds received and the ones declared on the whitepaper.