Stox gathered approximately $34m USD in its August 2017 ICO in just 34 hours, the bulk of its hype and FOMO driven by a promotion by Floyd “Money” Mayweather. This raises our first red flag, as you may recall Mayweather almost being incarcerated for his involvement in the Centra Tech ICO scam last year. Stox have syphoned this money from their investors and presented nothing over a year and a half later, leaving investors out of pocket and with an ROI drop by 98%.

The founder of Stox, Moshe Hogeg, faces a $5m USD lawsuit put forth by one of Stox’s biggest investors who alleges quite plainly that the ICO was an exit scam and that Hogeg used the multi-million dollar proceeds to fund other projects such as his also-dubious Sirin Labs. The lawsuit goes on to claim that Hogeg’s Stox venture was nothing more than a Ponzi scheme. Stox have claimed this is FUD, but the case stands that well over a year later the token is worthless and the products remain unrealised.

If you have been impacted financially by this ICO, please join this class action with confidence.

More information will be made available as we continue our investigations.