Savedroid Website hacked or exit scam

It’s panic in the crypto world as users scramble to figure out whether the recent downtime of savedroid means that the site was hacked or the admins have performed an exit scam. While it’s still too early to tell whether savedroid will actually be coming back or not, speculation is running rife on the web.

savedroid is an organization situated in Frankfurt, Germany. Their motivation is to enable individuals to spare cash through a bot that naturally contributes and spares your digital currencies. They have been in operation since 2015. Their unique application was made for managing an account has been downloaded more than 200,000 times in Germany, and they are currently hoping to grow worldwide and into the crypto showcase. The platform also claims to be developing a self-learning artificial intelligence algorithm that knows exactly how best to save and optimize clients’ expenses.

The Token

The SVG (savedroid) token is based on a standard ERC20 Ethereum smart contract. The SVD Token has the following properties:

Savedroid savings fees
Trading other cryptocurrencies
As a storage of value
Other services within the network

Is this a scam?

Strange things are going on with savedroid ICO. When you enter their previous ICO Link you get this following picture:

also on Twitter, its CEO Yassin Hankir has tweeted

Thanks guys! Over and out … #savedroidICO

Thanks guys! Over and out … #savedroidICO pic.twitter.com/PMRtjlbEdD

— Dr. Yassin Hankir (@YassinHankir) April 18, 2018

What else is happening?

Over on Twitter, there is a lot of chatter about the site being down, including vendors advertising to customers which alternative markets they can find them on and people spruiking for other markets for users to migrate to.

Exit scam? @savedroidAG #savedroid $SVD pic.twitter.com/SznM3PmMJ9

— ₿banzai (@koinsmart) April 18, 2018

https://twitter.com/THEBITCOINONE/status/986564160665341954

Regardless of whether savedroid comes back online or not, this current downtime should serve as a timely reminder that you should never keep too many cryptocurrency in a an account at any one time, and practice due diligence and correct security procedures so that you don’t lose too much money in the event of an exit scam.We hope that savedroid will make its return, and come back stronger than ever, however, only time (or the admins) will tell.