Matchpool Denies Co-Founder Claims Its CEO Pulled $1.7 Million Exit Scam
The Blockchain project Matchpool raised over $5.7 mln in 48 hours, with high anticipation from the community on its decentralized matchmaking protocol. However, the community was shocked the next day to discover the company co-founder Philip Saunders’ public accusations that its CEO Yonatan Ben Shimon had pulled an exit scam and disappeared with $1.7 mln of the funds raised. Similar to most Blockchain projects, Matchpool engaged in an Initial Coin Offering (ICO), a crowdfunding mechanism designed after the Initial Public Offering (IPO) process of conventional companies, to raise millions....
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Matchpool Co-Founder Yonatan Ben Shimon is yet to respond to accusations he misappropriated funds from the project’s multimillion-dollar ICO. Matchpool, which uses Ethereum to allow users to build matchmaking resources on the Blockchain, has raised $5.7 mln in a matter of days. On its Slack channel on Wednesday, fellow co-founder Philip Saunders stated he was leaving the project: “I have asked internally what is going on with the funds you sent to Matchpool, but have not received a satisfactory answer.” “Over the last two days 37,500 ETH has been withdrawn from the multisig wallet by the....
When it comes to meeting The One, there are various dating sites available that are attempting to help singles meet their significant other. And yet, the creator behind Matchpool, the online dating and matching platform, says that human interaction on existing dating sites is not natural. “At the end of the day, every interaction in the world is based on trust,” Yonatan Ben Shimon, founder of Matchpool, said to Cointelegraph. “Matchpool can deal with this initial lack of trust between people today.” In a recent Cointelegraph article, Shimon states that it’s often hard for community....