Overview of the allegations:

HybridBlock reportedly claimed to be “A world-class, all-in-one cryptocurrency trading system” and yet their founding partners consist of a sporting celebrity and an ex-director of a company halted by the BCSC due to reports of email spamming. It is alleged that one year after their ICO (which reportedly accumulated a staggering 25m USD), HybridBlock are yet to release an original product of any worth and have lost almost all of the value from their token, HYB.

It is further alleged that they’ve engaged almost a complete radio silence, are neglecting to provide any further updates on their status or development, and have absolutely nothing to show for the enormous funds invested in their platform.

Also alarming are the reports that the value from ICO has dropped by a dizzying -99.5%.