Overview of the allegations:

Multiple reports indicate that Savedroid are infamous in the cryptocurrency world for launching a despicable hoax on their investors, wherein they completed their ICO with a reported total of 50m USD in funding. It is alleged that they then closed their website and pretended the whole thing had been an elaborate exit scam.

It is alleged that the CEO, Yassin Hankir, orchestrated this hoax and revelled in the attention his company received in the aftermath. Reports show that he claimed it was a PR stunt, but it was very poorly received. If we fast-forward to the current day, reports show a token that has dropped massively in value, a product that hasn’t been launched effectively, and nothing solid in place for future developments.