stellarowl12 posted on November 24, 2019 13:58:26
Welp, another one bites the dust! Gladius was a super interesting project that raised about $12 million in their ICO in late 2017. They aimed to build a decentralized solution to mitigate DDoS attacks in an effective and affordable manner. Everything sounds good so far. However they have since run out of funds and that's a big problem because they self reported to the SEC and was ordered to return funds to investors. But they instead dissolved, closed down all of their social channels, and put a notice on their site that they have closed shop. All of this without returning funds at all. But then again can you really blame them? They didn't have any more funds to return after their self reporting... lol.
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