Confido (CFD) list on the new exchane

https://mercatox.com/exchange/CFD/BTC

Congratulation !

Wish you very happy trading !

Was about to say the same 

Happy trading. Keep it up devs.

From Reddit:https://www.reddit.com/r/confido/comments/7e3p5t/announcement/

"To our community,
Thanks for always standing by us. We have achieved some incredible things these last two weeks, and the crypto space is beginning to notice us. However, we owe you an apology. Right now, we are in a tight spot, as we are having legal trouble caused by a contract we signed. We signed the contract with assurance from our legal advisor that there was minimal risk and it would not be an issue. I can't and won't go into details, but he was wrong. It is a problem.
We are trying our best to fight our way through this. As it currently stands, development has been delayed until a resolution is found. We are honestly not sure how long we will be delayed by, but we’re trying our best to get this behind us as fast as possible.
It is likely that we will be able to find a solution to rectify the situation. However, we cannot assure you with 100% certainty that we will get through this.
This announcement will shock a lot of people, and that’s understandable. I, Joost van Doorn, want to personally apologise for any financial damages this announcement will cause to people. It was never our intention to hurt investors; we didn’t see this coming.
We will keep you guys updated. Please join our announcement channel at https://t.me/joinchat/AAAAAENHpUJSHK7jzX6GZg
Regards,
The Confido team."

Seems like they got orbital striked by some sort of legal issue.  Wonder what kind of contract they signed?  Would be nice if the posted a copy of it so that the community knew it wasn't just a straight-out scam.

What was the ico price ?

An announcement on Sunday about legal troubles?

Sounds like total scam.

So what happens to all the money?

It's understandable if they can't push through with the project.

But...

What happens to the money? Do they just keep it? If so, then yes, Investors got burned.

The right thing to do is refund the money (if they know they won't be able to carry out the project).

They should refund the money, they haven't put much efforts in this project, they might have spent only 2 or 3% of the total fund collected during ICO,
So if they can't refund 100%, they should refund at least 95 to 97% amount.

On the first page of this announcement they claimed that ''all funds collected in the ICO will be escrowed by  KRAVIS & WURGAFT,P.C Lawfirm''
Does someone knows where this law firm is based and can we contact them for refund?