Owner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000

Cointelegraph

Published Mar 25, 2019 01:13PM ET

Updated Mar 25, 2019 01:24PM ET

Owner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000

The owner of a startup that never launched its initial coin offering (ICO) is trying to sell the project on eBbay for $60,000, according to an offer on the e-commerce website that expires Friday, March 29.

The startup, named “Sponsy,” is described as a blockchain project that is fully prepared to launch both ICO and security token offerings (STO). The author of the offer claims that the project was audited by an investment firm and approved by investment bankers. Moreover, the advertisement states that the solutions developed by Sponsy comply with European Union and United States regulations.

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