LoopX ICO (2018): Sale History, Figure & Outcome
LoopX was a cryptocurrency project in 2018 that claimed to use a proprietary trading algorithm. It conducted five token sales in January 2018 under the symbol LPX.
| Token | LoopX (LPX) |
|---|---|
| Sale year | 2018 |
| Category | trading algorithm |
| Documented figure | $4,500,000 |
| Outcome | fraud |
| Data tier | 2 — research-lane verified |
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What the record shows
The project raised USD 4.5 million worth of cryptocurrency, equivalent to 276 BTC and 2,446 ETH at the time. According to records, LoopX vanished in February 2018 without demonstrating its promised trading algorithm. The outcome was documented as fraudulent activity.
Era context: ico mania (2017–2018)
The ICO Mania period from 2017 to 2018 saw hundreds of projects raise funds rapidly, with some setting new records. This era was followed by numerous project failures and legal actions that significantly impacted the cryptocurrency market.
This sale is one of the 234 entries in our ICO Mania (2017–2018) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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Sources
- https://www.bleepingcomputer.com/news/cryptocurrency/loopx-startup-pulls-ico-exit-scam-and-disappears-with-4-5-million/
- https://news.sophos.com/en-us/2018/02/14/cryptocurrency-startup-loopx-exit-scams-with-4-5m-in-ico/
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.