July 30, 2020 Chinese authorities claim to have arrested all major suspects in PlusToken scam.

The Chinese Ministry of Public Security has reportedly arrested 27 individuals with major roles in PlusToken. The project drew accusations of fraud in 2019 when investors noted they were unable to withdraw their funds. PlusToken, ultimately deemed a Ponzi scheme, allegedly defrauded close to $3B from over 800,000 victims.

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