The IOTA project is again the target of public anger and criticism. This time the issue is a feature of the technology that apparently allowed scammers to steal around $4 million from many unsuspecting users.
Poisonous Seeds
IOTA, the network behind the 11th most valuable cryptocurrency in the world by market cap (MIOTA), is coming under an attack on social media and community forums. The technology behind the project is accused of enabling an apparent exit scam or hack which cost users about $4 million, according to reports.This is not the first time IOTA has come under attack. Back in December the project received a lot of public scorn for allegedly over hyping a “partnership” with Microsoft.