Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.” The Plustoken scam was a large heist that managed to […]
The post 6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China appeared first on Bitcoin News.
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Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors. Plustoken Scammers Arrested Under the command of China’s Ministry of Public Security, […]
The post Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People appeared first on Bitcoin News.
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During the last two weeks as cryptocurrency prices slid below long term foundational support, speculators assumed Plustoken scammers may be behind the dump. Blockchain intelligence firm Chainalysis published a report which claimed Plustoken coin sales might be dragging BTC prices down. Moreover, on December 19, Plustoken scammers moved 789,525 ETH ($101 million) from one address […]
The post $100M of Ethereum Tied to Plustoken Scam Sparks Wild Theories appeared first on Bitcoin News.
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