Details continue to emerge surrounding alleged China-based Ponzi scheme Plus Token, with various media reports of up to $2.9 billion in BTC, ETH, and EOS scammed over the past several months.

August 17, 2019 Details continue to emerge surrounding alleged China-based Ponzi scheme Plus Token, with various media reports of up to $2.9 billion in BTC, ETH, and EOS scammed over the past several months.

Operating similarly to Bitconnect, Plus Token users stopped being able to withdrawal in late June. The founders were allegedly arrested in Vanuatu in early July. Some community members are calling on centralized exchanges and OTC brokers to blacklist the Plus Token wallets from trading, currently holding over 74k BTC and 800k ETH.

Sources:

Bloomberg

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