One of the most popular topics in the world of digital currencies and crypto is the demand for more transparency in emerging projects and the demand for regulations and legislation to protect investor funds.

Ironically, today the DeepBrain Chain project team surprisingly and surprisingly embraced the principle of transparency.

The project team today published a short message in the official blog of the project and the title of the blog was: “We stole your money” as shown in the image below:

Note that the DeepBrain Chain project succeeded in raising $11 million in the initial offering (ICO) phase within a few hours at the end of 2017.

Read:What is the “Aber” digital currency? And what is the way to use it between Saudi Arabia and the Emirates?

After that, the price of the coin rose more than 50 times, exceeding the levels of $0.6 per coin. Note that the digital currency is trading today at a price of approximately $0.0006. Thus, everyone who holds this digital currency faces losses of 99.9 percent.

We reported on Bitcoin Arab last January that the CEO of DeepBrain Chain stated that the project urgently needed to raise new investment to continue.

He added that the team had to sell all of their cryptocurrency to pay for their own operating costs and expenses.

Interestingly enough, a large portion of the cryptocurrency that was sold was for what are known as rewards for mining. The team had intended to sell their DeepBrain Chain mining hardware for $6000 (AIM), which is referenced in the article title above.

Read:Italian club Fiorentina adopts IOTA blockchain to fight fake shirts

Read also:

The SEC accuses the Dropil crypto project of fraud… Details here

A member of the Arab Bitcoin community tells the story of his exposure to a cryptocurrency scam