Zwoop, an e-commerce startup tapping blockchain tech that was backed by billionaire Robert Friedland, has gone into administration, The Telegraph reports.
The venture announced plans to launch its initial coin offering (ICO) in August last year. Shortly afterwards, however, it said that the ICO would be suspended until further notice, due to legal issues.
Important Pre-Sale Update: Zwoop's ICO is currently suspended until further notice due to updated legal opinion. Find out more here: https://t.co/lpIFlRHdhf or ask any questions on our Telegram channel: https://t.co/0YmS3Iyd8k #ICO #announcement #presale pic.twitter.com/sNMF79XcLJ
— Zwoop (@ZwoopGlobal) September 18, 2018
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