Vanbex, one of the prominent blockchain consultancy projects, is facing further investigations of fraud. Based on reporting by AML Law in Canada, the Vanbex firm had its assets frozen in an investigation of a 2017 token sale, which raised $22 million ($30 CAD) but failed to deliver a usable product. Vanbex, a consultancy firm operating from Vancouver, is under investigation by the Royal Canadian Mounted Police (RCMP) for fraud. The firm is also facing a tax evasion investigation on the side.
The Vanbex project is the issuer of the Etherparty (FUEL) token, promising significant returns from a decentralized ecosystem. But FUEL went on to crash from $0.43 down to lows of $0.007, losing more than 99% of its value in the past year. The FUEL token is seeing most of its trades on Binance, listed back in November 2017. So far, the exchange has not shown readiness to discontinue the token trading. FUEL sees the equivalent...
