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PlusToken’s $16M ETH Transfer Sparks Sell-off Concerns
10.10.2024
A significant transfer of Ethereum (ETH) linked to the notorious PlusToken Ponzi scheme has raised concerns about a…
Bitcoin Dips Below $61K, Ether Slips 3% as Some PlusToken China Ponzi-Related Coins Moved to Exchanges
9.10.2024
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure
Long-Dormant Wallets Tied to $4B PlusToken China Ponzi Moves 2.8K Ether
7.8.2024
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), among others
Arkham Report: Chinese Govt Holds 194k Bitcoin From PlusToken
9.7.2024
In his recent blog post, Chinese journalist Colin Wu sheds light on the aftermath of PlusToken, one of the biggest cryptocurrency Ponzi schemes in Bitcoin history. The case involved the seizure of a large number of digital assets by Chinese authorities. Analysis: Has the Chinese government sold...
Crypto Scams that Rocked Asia to the Core, Part 2: PlusToken
29.10.2021
Asia has been through more than its fair share of nasty crypto scam dramas, from the Mt. Gox scandal right through to 2021 and its plethora of AI-powered fraudsters.
In part 2 of a three-part series, Cryptonews.com looks at just a few of the continent’s most infamous instances of crypto fraud....
‘Who Holds All the Bitcoin’ List Debunked — Without Cryptographic Proof No BTC Ownership Claim Holds Water
27.9.2021
A web portal that displays a list of alleged owners of all the bitcoin in the world has been shared a great deal since China cracked down on crypto trading last week. The web portal claims that the Chinese government owns 194,775 bitcoin that reportedly stem from the Plustoken crypto scam....
Report: Bitcoin Bull Run and Rising Awareness of Digital Currencies Led to a 20% Increase in Crypto Related Lawsuits in China
28.1.2021
A report from China says as many as 872 lawsuits relating to cryptocurrencies were filed in the past year, a figure which is approximately 20% more than that of 2019. Using data obtained from the China Judgment Document Network (CJDN), the report shows that the province of Guangdong had the highest...
Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year
2.12.2020
A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain...
Ringleaders of PlusToken Scam Jailed for Up to 11 Years
1.12.2020
Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison
Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown
27.11.2020
Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million...
The USD 4.2bn Question: Has China ‘Dumped’ PlusToken Bitcoin, Ethereum & Co?
27.11.2020
Source: Adobe/Александр Коликов
Crypto community members are wondering what has become of a huge stash of crypto worth a combined USD 4.2bn seized by the Chinese authorities who closed down the PlusToken crypto scam earlier this year – with some asking if the funds were already “dumped” onto...
Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi
27.11.2020
Court filings from Nov. 19 show that a large volume of crypto assets, including Bitcoin and Ether, was seized from seven convicts in the PlusToken case
Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam
27.11.2020
Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China
$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China
31.10.2020
A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four...
Chinese Judges Begin Sentencing PlusToken Bitcoin, Ethereum Scam Chiefs
29.9.2020
Judges in China have been handing out penalties to some of the individuals charged with masterminding the PlusToken crypto scam – a Ponzi scheme that reportedly sucked in some 2 million investors.
Per the Chinese prosecution service’s news outlet, via Xinhuanet, 16 individuals of varying seniority...
Despite Warnings from Regulators, the Ethereum Fueled Pyramid Scheme Forsage Thrives
11.9.2020
While Ethereum has seen a number of benefits from the decentralized finance (defi) movement and initial coin offerings (ICOs), more recently individuals have been leveraging ether for pyramid schemes and matrix cycler programs. One particular scheme crypto enthusiasts are discussing these days...
Chinese authorities charge six people over $5.8B PlusToken ponzi scheme
10.9.2020
Six individuals associated with the multi-billion dollar PlusToken Ponzi scheme have been prosecuted by Chinese police
6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
10.9.2020
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...
Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People
31.7.2020
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....
27 Key Execs at PlusToken Scam Are Reportedly Arrested
30.7.2020
PlusToken, one of the greatest exit scams in history, defrauded investors of nearly $6 billion, according to latest reports