Tag: plustoken

Dec 30 2020

Crypto in 2020: a Year in Review (Part 3)

Reading Time: 5 minutesThe cryptocurrency market during the third quarter of 2020 more or less belonged to Uniswap and DeFi, as yield farming and food- based meme tokens took the crypto world by storm. The same period also ushered in a new...

Dec 02 2020

PlusToken Scammers Sentenced to Up To 11 Years in Prison

Reading Time: 2 minutes A Chinese court has sentenced 11 PlusToken scammers to 2-11 years in prison The sentences relate to $2.25 million worth of fraud, just a fraction of the overall haul Over 100 PlusToken operators and employees were arrested in July A court...

Dec 01 2020

Ringleaders of PlusToken Scam Jailed for Up to 11 Years

Dec 01 2020 Published at CoinDesk under tags  china crime news plustoken policy & regulation

Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison.

Nov 30 2020

Is the PlusToken Dump Threat Over?

Reading Time: 2 minutes Chinese authorities last week seized $4.2 billion worth of cryptocurrencies from the PlusToken wallets The Chinese authorities have said they will liquidate the tokens but have not said when or how Is the spectre of a massive crypto market dump...

Nov 28 2020

More than $4 bilion in crypto assets from the PlusToken ponzi scheme have been seized by Chinese police

As with most fraudulent crypto investment schemes, PlusToken victims were promised high and consistent returns with minimal to zero risk. The operators of PlusToken said that the returns “earned” by investors were generated through arbitrage trading. In reality, there was no arbitrage trading going on - the returns were generated by distributing investments from new members to old members.

Nov 27 2020

China Police Took Down More Than $4.2 Billion Crypto Assets from PlusToken Ponzi Scam

According to a new court judgment, China police have seized crypto assets worth more than $4.2 billion from the PlusToken Ponzi scheme crackdown....

$4.2 Billion in Crypto Seized from PlusToken Scammers

Nov 27 2020 Published at Crypto Briefing under tags  china markets plustoken

Chinese police have seized $4.2 billion worth of crypto assets, including 194,775 BTC and 833,083 ETH, from the infamous PlusToken scheme. China Cracks Down on PlusToken Following a Nov. 19 ruling at the Jiangsu Yancheng Intermediate People's...

Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam

Nov 27 2020 Published at CoinDesk under tags  china coinflash crime news plustoken

Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China.

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