Feeds

Kickstarter unplugs iFind miracle battery-free locator

Funding suspended at a whopping $US546,852

Security for virtualized datacentres

Kickstarter has pulled the plug on the campaign to raise funds for the iFind - described as "The World's First Battery Free Item Locating Tag".

iFind's creators WeTag had raised a cool $546,852 from 9,771 backers when Kickstarter suspended funding yesterday.

Critics of the project raised serious doubts about its viability, focussing on its claimed EM harvesting capability and the lack of a working prototype.

In the end, those weren't the only issues which resulted in termination, according to an email received by one Reg reader last night:

Hello,

This is a message from Kickstarter's Trust & Safety team. We're writing to notify you that the iFind - The World's First Battery-Free Item Locating Tag project has been suspended, and your $40.00 USD pledge has been canceled. A review of the project uncovered evidence of one or more violations of Kickstarter's rules, which include:

* A related party posing as an independent, supportive party in project comments or elsewhere
* Misrepresenting support by pledging to your own project
* Misrepresenting or failing to disclose relevant facts about the project or its creator
* Providing inaccurate or incomplete user information to Kickstarter or one of our partners

Accordingly, all funding has been stopped and backers will not be charged for their pledges.

No further action is required on your part.

While you might imagine this is a serious blow to WeTag, that's not so, according to a post yesterday on Facebook:

To all of the "iFinders"

We thank you for your support of iFind and support Kickstarter’s decision to suspend the campaign. Not in any way because of the fact that we are a scam. WE ARE NOT!! The negative publicity surrounding the campaign by a select few was detrimental not only to Kickstarter’s reputation, but our company as well. Because of all the negative press that was generated by it, we had seriously considered canceling as well. But we believe in our product and wanted to be able to give all the genuine backers who supported us throughout all of this negativity, the product they wanted and believed in. We stand proud.

We will start selling the product when it is completely certified by independent laboratories. We welcome our supporters to continue to get updates at our website (www.wetaginc.com) and via social media and we look forward to a successful launch in the fall.

The "select few" who publicly questioned the iFind includes ourselves, Yahoo! News, Slashdot and ExtremeTech, which described the Kickstarter tin-rattling as "a slow-motion bank robbery".

When we spoke to Kickstarter ealier this week, it stressed that potential backers should pay close attention to the site's Trust & Safety notes before committing to a project. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Oi, London thief. We KNOW what you're doing - our PRECRIME system warned us
Aye, shipmate, it be just like that Minority Report
WRISTJOB LOVE BONANZA: justWatch sex app promises blind date hookups
Mankind shuffles into the future, five fingers at a time
Every billionaire needs a PANZER TANK, right? STOP THERE, Paul Allen
Angry Microsoftie hauls auctioneers to court over stalled Pzkw. IV 'deal'
Apple's Mr Havisham: Tim Cook says dead Steve Jobs' office has remained untouched
'I literally think about him every day' says biz baron's old friend
Cops apologise for leaving EXPLOSIVES in suitcase at airport
'Canine training exercise' SNAFU sees woman take home booming baggage
Flaming drone batteries ground commercial flight before takeoff
Passenger had Something To Declare, instead fiddled while plane burned
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.