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Ian Balina: A shadow of a made man

by Larry Cermak

February 4, 2019, 8:00AM EDT  ·  8 min read

Quick Take

  • Ian Balina became one of the world’s most prolific ICO influencers in 2017 while growing his portfolio from $37,000 to $5.36 million by January 2018.
  • In April 2018, Balina fell off his perch after sustaining a hack of his personal wallets in which he lost almost $2.5 million.
  • Post-hack, Balina looked to professionalize his operations and approached multiple exchanges about a sponsor partnership.
  • One of Balina’s proposals to a large exchange included the unusual request to make “all Ian Balina Projects available on [the] exchange for trading,” which the exchange rejected.
  • Balina then signed on as a KuCoin Global Titan Ambassador. The exchange denies that a similar clause exists in their arrangement with Balina.

by Larry Cermak

February 4, 2019, 8:00AM EDT  ·  8 min read

At the height of the 2017 ICO mania, Ian Balina was one of the biggest influencers in the ICO universe. Balina had catapulted himself into the pantheon of spokespeople whose support and endorsement meant the difference between a coin’s success and failure — and tens of millions of dollars were at stake.