What is plustoken?

The story of PlusToken is a testament to the fundamental disconnect in contact between the Asian and Western crypto spaces.

What happened to plustoken?

Cracks in the PlusToken plan appeared in June 2019, as investors struggled to withdraw their earnings from the platform. Late that month, the organizers withdrew more than $3 billion in bitcoin and other cryptocurrencies and posted the cryptic message, "We have run." Cryptocurrencies aren’t like cash assets.

How did the plustoken scam affect cryptocurrency markets?

The flow of funds triggered by the PlusToken scam continues today. As recently as March 2020, cryptocurrency markets continue to struggle with the aftereffects of the PlusToken scheme. 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.