Don't judge a book by its cover

Agreed, which is why I have been making the assumption of innocence on his part until either news or some investigation comes out saying otherwise. I am not trying to defend his actions, or his business, just trying to say "good luck" to him and his difficult future ahead of him.

From my own perspective, I got burned on a bad investment by buying into "The DAO." I knew it was risky, and I knew it could fail, but hoped it could turn into something fruitful. If The DAO funds weren't refunded to investors, I wouldn't have cared enough to do anything about it. It was a risk I was willing to take for the potentially high returns. Plus, I failed to do my own "due diligence" as I bought in with the assumption that the Ethereum team backs it, so it must be cool.

NOTE: I know The DAO and Banx are two completely different scenarios, just trying to illustrate a point on risky investments (especially in the crypto space where too many coins end up dead). The first year I started investing and trading I learned one of the biggest lessons I will never forget:
Don't risk money that you aren't comfortable losing