PlexCoin (PlexCorps) ICO (2017): Sale History, Figure & Outcome
PlexCoin was a cryptocurrency project launched in 2017 by PlexCorps, promising payment solutions via an Ethereum-based token called PLX. The initial coin offering aimed to raise up to USD 15 million before being halted by authorities.
| Token | PlexCoin (PlexCorps) (PLX) |
|---|---|
| Sale year | 2017 |
| Category | payments (fraud) |
| Chain | Ethereum |
| Documented figure | $15,000,000 |
| Outcome | fraud |
| Data tier | 2 — research-lane verified |
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What the record shows
The U.S. securities watchdog took its first enforcement action with its newly formed Cyber Unit against PlexCoin in December 2017, stopping the token sale that had advertised returns of 1,354% within 29 days. Founder Dominic Lacroix faced legal consequences, including imprisonment in Quebec. The case marked one of the earliest major fraud prosecutions in the cryptocurrency space.
Era context: ico mania (2017–2018)
The ICO Mania period between 2017 and 2018 saw hundreds of token projects raise funds rapidly, with some sales completing in minutes. This frenzied activity led to both record-breaking fundraising and subsequent market collapses, prompting increased scrutiny from regulators worldwide.
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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More from this era
- Polkadot (2017)
- Polybius Bank (2017)
- Populous (2017)
- Power Ledger (2017)
- Propy (2017)
- QASH (Quoine) (2017)
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Sources
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.