Overview of the allegations:

Allegations have surfaced that what Sirin Lab ICO call crowdfunding is actually a scam.

It is alleged that there is no genuine project worthy the 80m USD deposited at the time of inception. Reports indicate faulty ideas, misrepresentation of products and services, and a 95% loss of value for the coin, revealing the emptiness of the Sirin Lab’s token for investors.

Investors have reason to believe they have been conned by a ”money for nothing” scheme due to reports which question their credentials as tech experts, their allocation of funds, and the claims they have made about their product and services.