What happened to plus token?

This has led to an international manhunt for the platform administrators and creators of Plus Token. Plus token has been blamed for causing Bitcoin prices to fall in 2019 as stolen funds were sold via Bitcoin OTCs. PlusToken had a major following in Korea and China – especially among investors not familiar with cryptocurrencies.

Is plustoken the tip of the iceberg?

PlusToken can be seen as the tip of the Iceberg as there are many other very similar crypto Ponzi schemes and scams. These include Cloud Token, S Block, and other cloud “mining” tokens. At the end of the day, tokens that ‘guarantee’ high returns without a clear and audit-able business plan should generate red flags.

How much did plustoken scammers get paid?

On one day, the markets fell by nearly 10 percent, and analysts attributed the drop to PlusToken scammers moving bitcoin around and offloading their holdings. Estimates of the final cash prize attributed to the masterminds range from $3 billion to $6 billion, although calculating the true amount is a remarkably difficult task.