Cryptocurrency scams and pyramid schemes will always be present. One Chinese project, called PlusToken, is currently generating a lot of attention. It seems this project raised roughly $2bn worth of Bitcoin and has now begun liquidating it. While the evidence is still circumstantial, it would explain the current bearish market trend. The PlusToken “Ponzi Scheme” It is still a bit early to definitely claim PlusToken is a Ponzi or pyramid scheme. Although the promises made to users are dubious at best, that can always be easily explained. The company aims to bring cryptocurrency to the masses by offering an investment
The post Alleged Chinese Ponzi Scheme PlusToken has Collapsed appeared first on The Merkle Hash.
Powered by WPeMatico