The scandal sparked reactions from major players, including Orderly Network and the MEXC exchange.
Orderly Network, which had previously supported IBX, announced the termination of their partnership following accusations. MEXC postponed the listing of the ARTIC token, further fueling doubts about the project.
Crypto analyst Anon Vee expressed suspicions that IBX could be a scam. More than 160,000 SOL were raised in the presale instead of the planned $3.2 million. The expected return of 65,000 SOL was not confirmed, and the funds allegedly went to addresses controlled by the team.
The ARTIC token was launched with a market capitalization of $50 million, but its token claim page was activated late. By the time it was active, the market capitalization had dropped to $6 million, depriving presale participants of the chance to claim their tokens.
