ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product

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ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product
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A burst of activity in Sparkster's wallets – visible in blockchain data – is seen as unusual and is raising suspicions among some community members – especially in the absence of a public explanation from the Sparkster team shauryamalwa reports

of a supposedly upcoming product. Nothing has been communicated from that account since.

The wallets holding the proceeds from the ICO suddenly became active this weekend, however, and by Monday they were sitting on over $22 million of the stablecoin USDC. The move is seen as unusual and is raising suspicions among some community members – especially in the absence of a public explanation from the Sparkster team.show that 30% of the tokens offered by Sparkster were supposed to be distributed between the founding team and initial investors.

But little happened in the months afterward. No product arrived, and the project’s SPRK tokens were apparently never distributed to investors, prompting the community toThe project’s Telegram community channel does not allow members to send messages or interact. A related Telegram channel posted web links to product demonstrations in

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