Several issues are being reported regarding the BTC, ETH, XRP, BCH and LTC raised by Substratum during their ICO.
The first problem reported by Decrypto was the lack of coincidence between the amounts of BCH raised and those which were later transferred out of the account. Apparently, about 702 BCH were not accounted for as donations, although they ended up being mixed with the rest of ICO-raised funds.
The misrepresentations of amounts raised are also similar in the case of LTC and ETH funds.
Questions about the handling of ICO funds by Substratum extend beyond the exact amounts raised, delving also in the whereabouts of the capital.
9/ Why was the CEO of #Substratum suddenly able to afford a $400,000 home and a bunch of new toys in the first week of October 2017? Was he already a master of trading Bollinger Bands in late 2017?— Brian Li (@DecryptoBL) 8 de enero de 2019
Stay tuned for more updates on #SUB.
Further doubts seem to affect the promotion strategy of Substratum, with accusations emerging regarding opaque payments to advisors and/ or influencers:
Yup, established history of paying off influencers. That whole DataDash lost wallet thing was always weird. If the biggest crypto YouTuber doesn't know how to backup his private key, we're all f***ed.— Brian Li (@DecryptoBL) 9 de enero de 2019
Reddit users took upon sharing previous concerns that affected the supposed partnerships in which Substratum has claimed to be involved, to quite some lack of concretion in so far.