What is the plustoken scam?

The PlusToken scam involved cryptocurrency mining, a relatively new investment model that few average people know about, much less understand. Victims believed they had found a new way to make money. In reality, they were giving money to criminals and making money from the latest victims of the scheme. How did the PlusToken scam work?

What is plus token?

What is Plus Token? “Plus Token” was a cryptocurrency Ponzi scheme disguised as a high-yield investment program. Platform administrators closed down the operation in June of 2019. Fraudsters abandoned the scheme by withdrawing over $3 Billion dollars in Cryptocurrencies (Bitcoin, Ethereum, and EOS) and leaving the message “ sorry we have run “.

Is plustoken a Ponzi scheme?

This was PlusToken – a crypto wallet which originated in China and promised investors returns of up to 30%, but which turned out to be a Ponzi scheme. Nearly $6 billion is thought to have been lost and just yesterday more arrests were made by Chinese police investigating the case.

Did Twitter trace 187,000 BTC of plustoken's investors?

In late November 2019, this issue was again brought to the forefront when Twitter user Ergo reported having traced 187,000 BTC of the approximately 200,000 BTC attributed to PlusToken’s investors.