Cryptocurrency startup disappears after raising ₹2.4 crore

Cryptocurrency startup Confido that raised over $374,000 (₹2.43 crore) through an Initial Coin Offering (ICO) has disappeared with the funds with nobody being able to track the founders down. The website and social media accounts related to the company and the founding team have been deleted. Confido had termed itself as a startup that develops "smart contracts".