PlusToken Crypto Scam – this is a news alert, specially for those affected by the PlusToken ponzi scheme. It stands as the second highest digital investment scam in crypto’s relatively young history.
According to newly released news report, Chinese authorities arrested an unannounced number people responsible for the scam. In the process, the 4 billion dollars worth of Bitcoin and altcoins reportedly recovered. The cryptocurrency recovery team executed the seizure on November 19, 2020.
The PlusToken crypto scam or alleged Ponzi scheme started in 2018 in South Korea by 27 highly sophisticated masterminds. However, the scheme remained uncovered until after $6 billions were reported stolen from investors across the world.
However, In July of this year, 109 members of the PlusToken cryptocurrency scam were arrested by Chinese police. Amongst them were 27 of the masterminds. Court documents named Zhang Qin, Liu Jianghua, Wang Yin, Chen Shaofeng, and Lu Qinghai as the top schemers.
Unfortunately, amongst the 1 million plus members who signed for the widely marketed project, 715,000 are victims of the PlusToken crypto scam. The scammers promised investors high-yield returns and shared revenues collected from exchange transactions, crypto mining, and referrals.
Collectively, a large number of Bitcoin (BTC), Ethereum (ETH), XRP, (Litecon) LTC, EOS, DASH, Dogecoin (DOGE), Bitcoin Cash (BCH) and Tether (USDT) were amongst the most popular cryptocurrencies recovered by China from the PlusToken crypto scam.
Where you a victim of the PlusToken ponzi scheme? Express your thoughts below about this developing news.