Ethereum startup was a successful scam
 

Raised $374,000 and disappeared

A startup on the Ethereum platform vanished from the internet on Sunday after raising $374,000 from investors in an Initial Coin Offering (ICO) fundraiser.

Confido pitched itself as a blockchain-based app for making payments and tracking shipments. It sold digital tokens to investors over the Ethereum blockchain in an ICO that ran from November 6 to 8.

http://fudzilla.com/news/45005-ether...uccessful-scam