Savedroid ICO – Exit Scam or Smart Marketing Move?
After a relatively long period of evasiveness, Crypto Briefing has finally managed to pinpoint the location of Yassin Hankir, the individual behind Savedroid. Now, the website is banking on the help of crypto enthusiasts to bring this purported fraudster to justice. Although the Crypto Briefing community is usually peaceful, the exit scam instigated by the Savedroid program, along with Yassin’s arrogance, has changed this norm.
How Did The Savedroid Exit Scam Come To Light?
The controversy stated when Savedroid inaugurated the development of an AI application meant for saving and investing in crypto assets. However, the application has not been heard of since it apparent inception. Moreover, there are no signs that the development will resume any time soon.
When investors stated to cast doubts over the credibility of Savedroid, the company posted a picture of their offices of a Frankfurt-based website. This later panned out to be mere publicity stunt meant to quell the rumors about the sincerity of the institution. To make matters worse, Yassin Hankir, the program’s founder, shared a photo of himself in a posh beach that was accompanied by a farewell message. This was after his enterprise had source a whopping $50 million form unknowing traders.
— Yassin Hankir #savedroidico (@YassinHankir) April 18, 2018
This message above was the last tweet that Yassin posted as well as changing the website to the following picture from South Park:
Did CEO Yassin Hankir Get Away With $50 Million?
While Yassin thought he had got away with it, he did not realize that his photos inadvertently disclosed his current hideout. Luckily, the Crypto Briefing team has a keen eye for detail, and they were able to spot the Egyptian beer bottle as well as a distinctive backdrop, features that enable them to narrow down on the location. Apparently, Yassin is presently residing at the Movenpick Resort, located along the Red Sea in El Queseir.
To prove the authenticity of the pictures posted by Yassin, Crypto Briefing used Google’s reverse image search. The results did not find similar photos on the internet, implying that the pictures were indeed real.
As mentioned earlier, Crypto Briefing is yearning for assistance from the crypto community, particularly residents of Egypt. People are being urged to call all hotels within the city of El Queseir, and where applicable they can involve the local police. Additionally, members can also post relevant information on the website’s Telegram channel.
Despite the odds being against their favor, Crypto Briefing believes that any lead, however little, could be useful in finding and arresting Yassin for the atrocity he committed. In a time where the cryptocurrency world is weeding out scammers and Ponzi schemes, the loss of $50 million is a huge slap on the face. Therefore, the search for Yassin will only stop when he is convicted.
Or at least that's how everyone in the world saw this unfold…
Was The Savedroid Exit Scam A PR Stunt Gone Wrong?
The answer seems to be Yes. This may be the worst PR move in the history of Crypto ICO launches or even in business. To “pretend” to steal over $50,000,000 in investor money and claim that it was a PR stunt to increase awareness in ICO Exit Scams is a bold and stupid move.
SAVEDROID WAS HERE, IS HERE AND WILL BE HERE!
After crazy 24h you for sure have many questions. We do owe you an explanation! Therefore our CEO @YassinHankir has recorded a personal message to resolve the situation. More info: https://t.co/LA5BVeZffy #savedroidICO #savedroid #ICO pic.twitter.com/ITNx7uTHG3
— savedroid AG (@savedroidAG) April 19, 2018
You can see the full video here:
It is still unclear to many if the CEO was actually pulling an exit scam and realized he was going to be caught or if this was a premeditated PR stunt to draw attention to the Savedroid platform.
The old adage “There's No Such Thing as Bad Publicity” doesn't seem to fit here. When you mess with investor money, you may find your self on the losing end.