|Coin Name||Menlo One|
Menlo One (https://www.menlo.one/), led by CEO and Founder Matthew Nolan of New Jersey, launched an ICO in 2018 under the guise of a utility token and continued to take investor money under the concept of a utility token, which according to the SEC does not apply to ICOs. Over $2.5 million of investor money was raised in an illegal securities offering, with continued lack of fiduciary responsibility by Matthew Nolan.
Is Menlo One a Scam?
Disclaimer: Menlo One Cryptocurrency | Menlo One ICO
Menlo One is a cryptocurrency project that issued Menlo One tokens to its community. Scams in the cryptocurrency space take form in many ways, including exit scams or undedicated project developments.
Is Menlo One a Scam ICO?
Data on whether Menlo One 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 Menlo One or in support of Menlo One. The data is only an aggregation of claims cited against Menlo One.
The above claims about Menlo One (ICO), Menlo One’s token, or Menlo One’s team are externally sourced. They may claim that:
– Menlo One did an ICO and then exit scammed
– Menlo One has an undedicated project development after the Menlo One ICO
– Menlo One token got pumped and dumped by the Menlo One team
– Menlo One is a dead project with a worthless Menlo One token
However, external claims about Menlo One project, Menlo One token, Menlo One team, or even Menlo One advisors may not be supported by accusers of Menlo One ecosystem and thus individuals seeking to learn more Menlo One team or about the Menlo One cryptocurrency are recommended to directly contact Menlo One team members or Menlo One token investors.
CoinCurb does not itself decide if a project is a scam and thus does not claim Menlo One is an exit scam or that Menlo One is any other type of scam, nor does CoinCurb insinuate that Menlo One (or Menlo One token) team are scammers or that Menlo One (or Menlo One token) advisors are scammers. CoinCurb allows viewers to reference sources related to Menlo One development, Menlo One token trading, and/or Menlo One team as an uncertain reference when deciding if Menlo One is a scam or Menlo One is not a scam.