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Tuesday, October 13, 2026
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LayerX ICO Closes $420M Hard Cap in Fifteen Minutes, Rekindling 2017 Flashbacks
Apr 11, 2026

LayerX ICO Closes $420M Hard Cap in Fifteen Minutes, Rekindling 2017 Flashbacks

A zk-rollup with a three-page whitepaper and no working testnet sold out a nine-figure raise before most participants finished reading the terms. Regulators are already asking questions.

Tomás Reiner