Coin CodeELA
Summery Description

Elastos team run out of funds they raised in ICO after multiple unsuccessful pumps failed to stabilize the price. Angel investors dumped it from $80 to $2 following an altercation with founders. A lawsuit filed on NewYork supreme court alleging mismanagement and fraud.


Is ELASTOS a Scam?

Disclaimer: ELASTOS Cryptocurrency | ELASTOS ICO
ELASTOS is a cryptocurrency project that issued ELASTOS tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.


Data on whether ELASTOS conducted a scam ICO, a scam mining operation, or a scam masternode project is cited above from external sources and CoinCurb does not take responsibility for claims against ELASTOS or in support of ELASTOS. The data is only an aggregation of claims cited against ELASTOS.
The above claims about ELASTOS (ICO), ELASTOS’s token, or ELASTOS’s team are externally sourced. They may claim that:
– ELASTOS did an ICO and then exit scammed
– ELASTOS has an undedicated project development after the ELASTOS ICO
– ELASTOS token got pumped and dumped by the ELASTOS team
– ELASTOS is a dead project with a worthless ELASTOS token

However, external claims about ELASTOS project, ELASTOS token, ELASTOS team, or even ELASTOS advisors may not be supported by accusers of ELASTOS ecosystem and thus individuals seeking to learn more ELASTOS team or about the ELASTOS cryptocurrency are recommended to directly contact ELASTOS team members or ELASTOS token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim ELASTOS is an exit scam or that ELASTOS is any other type of scam, nor does CoinCurb insinuate that ELASTOS (or ELASTOS token) team are scammers or that ELASTOS (or ELASTOS token) advisors are scammers. CoinCurb allows viewers to reference sources related to ELASTOS development, ELASTOS token trading, and/or ELASTOS team as an uncertain reference when deciding if ELASTOS is a scam or ELASTOS is not a scam.