Tag: plustoken

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...

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...

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

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...

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.

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

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...

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