Ringleaders of PlusToken Scam Jailed for Up to 11 Years
Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison. Source
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Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme
The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform. Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167
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Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam
Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China. Source
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Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH
Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network.The $186 million transfer came from a known Ethereum address and was later split
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Bitcoin Drop Due to 13K BTC PlusToken Scam, Not Coronavirus — Analysts
Bitcoin (BTC) began its sudden crash due to another giant sell-off from the PlusToken pyramid scheme, analysts are suggesting as BTC/USD lost $8,000 support.According to various online commentators citing Blockchain data, participants in the $2.9 billion scheme are again attempting to rid themselves of their BTC.Mixer moves likely mean
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PlusToken Scam Triggered the Bitcoin Bear Trend, But It’s Not the Sole Factor
The PlusToken Ponzi scheme has and continues to impact the price of Bitcoin as funds are liquidated via OTC brokers, but half the problem facing the BTC market is a lack of buying demand according to analyst Alex Krüger. PlusToken DumpPlusToken promised its “investors” monthly returns of anywhere from 10 to
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Research: PlusToken Crypto Scam Could Be the Reason for Bitcoin’s Plunge
While price fluctuations is very common in the crypto sphere, some analysts have reasons to believe that the recent plunge in the Bitcoin price isn’t just like any other decline. The researchers of Chainalysis believe it could very well be the aftereffect of the PlusToken scam.You will recall that a
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Bitcoin Tanks Below $7000 as PlusToken Scammers Cash Out
In yet another major sell-off Bitcoin price crashed below its crucial support of $7000 on Monday, December 16. As per blockchain researcher Chainalysis, this dumping is part of another major scam brewing in the crypto industry.In its report, Chainalysis mentions a China-based Ponzi scheme PlusToken which is dumping its crypto
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Chainalysis Report on PlusToken ‘Scammers’ Blamed for Monday’s Crypto Selloff
The slide began at 18:28 UTC on Monday. In just seven minutes, bitcoin slipped 4 percent, to $6,800 from $7,085 according to data from Coinbase. In that time, ether took a bigger hit, dropping 7 percent from $140 to $130. Neither had seen such lows since Nov. 25, when the
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Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?
This year has been a great year for the crypto world. Okay, not as great as the 2017 craze, but it is a long way up compared to what we saw last year. As good as that sounds, several indicators show that the price curve was, in fact, influenced by
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