Prodeum
A 2018 ICO that claimed it would put fruit and vegetables on the blockchain. After raising only a small amount, the team vanished and replaced its website with a single crude word — a widely cited example of a low-effort ICO exit scam.
Also known as: Prodeum
Summary
Prodeum was a 2018 initial coin offering that claimed it would use the Ethereum blockchain to track produce such as fruits and vegetables. After a brief fundraising push, the project abruptly disappeared, deleting its social media and replacing its website with a single crude word ("penis"). [1][2]
Note
Reported losses were small (accounts vary from negligible amounts to a few thousand dollars), but the episode became a frequently cited example of how easily anonymous teams could launch and abandon ICOs during the 2017–2018 boom. [1][2]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (2)
See also
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Crowd Machine (CMCT)Tokens
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