FMTokens

CEO of porn cryptocurrency, FMtokens, ‘disappeared with investors money’

As Zeroedge notes, the burgeoning market for initial coin offerings is rife with fraud and abuse thanks to unscrupulous people like the creator of FMtokens, a coin designed as a means for paying performers for live webcam chats.
The NY Post reports that a cryptocurrency built for watching live-streaming porn is turning out to be a buzzkill.