Seele's initial coin offering, a blockchain projecting itself as "Blockchain 4.0", was compromised by more than 1.8 million Ether con artists. The attackers manage to mislead investors by pretending to be directors in the company's Telegram chain, as reported in an article published on Sunday, February 4 by the Finance Magnate information site

] According to the ICOdrops, the scammers, who present themselves as two admins of Seele's official Telegram channel @SeeleSupport and @nicsmith, have asked Seele's cat members to contact them directly. Messaging function for Ether as part of a private sale. Dr. Nick Smith is a data analyst at Seele, and Telegram reported that the scammer was using his name and photo on the fake admin account.

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The real administrator of Seele responded with an official statement pinned to their Telegram channel this morning, writing that they formed an emergency response team and added a dual authentication method for administrators.

The instruction also displayed the address of the door – rogue currency, 0xB3239EF7a0fC08d56402a44A5367b8cdDaf295b8, which has a value of about $ 1,875,622.75 by the press.

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Seele's Official Statement added,

" We are deeply sorry for the ". Even though Seele did not start the presale, we will take responsibility to minimize the loss of community members by establishing detailed compensation plans. "

Several members of the Seele Telegram chain have qualified this scam job," based on the idea that only an administrator can make someone else an administrator. .

Scams in crypto-currencies and ICOs are far from rare. On January 29, Texas regulators ordered AriseBank, a self-proclaimed cryptocurrency bank, to stop and give up after their operations were revealed to be a scam.

Also in January, the Bulgarian offices of the "Ponzi scheme". "OneCoin has been raided by EU crime units, and many fake accounts of Charlie Lee on Twitter have shattered followers under the guise of LTC gifts."

Cointelegraph published a practical guide to avoid ICO scams