"How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply"

Bitcoin Magazine:

On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion.

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As of this report, the ringleader of the operation is still at large and funds are still on the move.

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While the scam would be active for nearly a year before the arrest of its primary architects on the Pacific island of Vanuatu, the apparent homebase of the operation

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It’s with these brazen market tactics that PlusToken defrauded an estimated 3 million people

*Previously: "Just off the coast of Espírito Santo, an island in the Vanuatu archipelago of the South Western Pacific, there is a massive underwater dump"