Letter From Supposed Confido Lawyer Promises ICO Investors Refund

Confido has recently released a statement on its website claiming that the money raised by the company in its initial coin offering (ICO) is being kept in a trust fund until further notice.

The authenticity of the said letter, along with its legal representative is still under question considering that the company’s whole social media accounts, along with its website, have been previously taken down.

In the said letter, the supposed legal representative claimed that the people behind the Confido project have no intention to scam the investors. However, the money raised in the ICO is not enough to advance the initiative, so its developers decided to shelve it for further assessment.

Part of the letter read:

“Our client emphasizes that Confido is not a scam and that there were never any intentions to disadvantage any investors. However, the project – despite the dreams of the developers – is not feasible within the scope of the results of the ICO. Therefore, our client decided to stop the development of Confido.”

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