Did this guy just walk away with $50M?

Investors and website visitors to the Savedroid ICO (initial coin offering) page were greeted by a Southpark meme that seems to indicate all of their money is gone…

On his twitter feed Yassin Hankir, Founder and CEO of savedroid posted a picture of himself in an airport and holding a beer.  The page is down. Did he just fly away with $50 million worth of investors’ money?

I guess we will have to wait and see, but it looks a lot like the first official ICO scam.  What does this say about the future of cryptocurrency?