Skycoin a Singapore-based firm called was targeted by these evil con artists and is still dealing with the consequences today. After deciding to hire a public relations firm to improve their website and do PR, the project and its co-founder found themselves trapped in a web of extortion, dishonesty, and criminality that most people would never imagine could be real.
You may be captivated by tales of people making billions overnight, or you could be terrified by scams in which the creators of fraudulent businesses flee to Tahiti with their investors’ money. However, it’s doubtful that the first thing that springs to mind is gory stories of extortion and kidnapping.
The explosive profit potential of cryptocurrencies has attracted a myriad of extortionists, scammers, and outright criminals over the years since Bitcoin was first launched in January of 2009. Some developers have damaged companies’ reputations by such con artists, and some have been beaten, kidnapped, and even killed.
Skycoin’s mission and products
Skycoin is a prominent crypto company whose co-founder, Brandon Smietana, worked on the Bitcoin code and Satoshi Nakamoto. The project was initially conceived as an answer to questions that Bitcoin and Ethereum could not solve. Skycoin develops hardware and software that help companies and individuals harness the potential of blockchain technology, recover control of their information, and optimize and secure networks and data storage.
The company’s…
