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Centra Tech
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'''Centra Tech''' (ticker symbol CTR) was a company that sold $32 million of [[cryptocurrency]] in an [[initial coin offering]] (ICO) in 2017. The main selling point of the ICO was that Centra had entered into a partnership with [[Visa Inc.]] to issue a [[debit card]] for cryptocurrencies; the claim was denied by Visa.<ref name="SEC complaint"/><ref name="NYTimes04022018">{{cite news|last1=Popper|first1=Nathaniel|title=2 Founders of $32 Million Centra Virtual Currency Project Are Arrested|url=https://www.nytimes.com/2018/04/02/technology/virtual-currency-arrest-centra.html|accessdate=April 5, 2018|publisher=New York Times|date=April 2, 2018}}</ref>

== 2017 ''The New York Times exposé'' ==

''[[The New York Times]]'' had exposed many of the activities of Centra Tech in an October 27, 2017 article, including its use of endorsements from [[Floyd Mayweather Jr.]] and [[DJ Khaled]], and that Sharma had previously been indicted for perjury related to an alleged drunk driving incident. The CEO of the firm, "Michael Edwards", was fictitious and, in its sales material, the company had claimed that a photograph of a person taken from the Internet was Edwards.<ref name="NYTimes10272017">{{cite news|last1=Popper|first1=Nathaniel|title=How Floyd Mayweather Helped Two Young Guys From Miami Get Rich|url=https://www.nytimes.com/2017/10/27/technology(contracted; show full)

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{{Cryptocurrencies}}

[[Category:Cryptocurrency articles]]
[[Category:Bitcoin companies]]