Chinese police arrest 15 over EOS gambling app, seize $3.8M in digital currencies
Police in Yancheg city, Jiangsu province, have been investigating the operation since it came to their attention in October 2020, according to reports.
Latest PlusToken News
PlusToken scam: Top operators jailed for up to 11 years
A Chinese court also fined the PlusToken operators up to $900,000 for their roles in the $2.25 billion Ponzi scheme.
PlusToken scam: China seizes $4.2B in digital currencies
Court documents from the Jiangsu Yancheng Intermediate People's Court revealed that Chinese police had seized over $4.2 billion in digital currencies at today’s prices.
China charges 6 members of $6B PlusToken scam
The six were among over 100 suspected PlusToken operators who were arrested by Chinese authorities in August.
PlusToken key execs among 109 arrested in China
27 individuals who played a major role and 82 key members of the PlusToken Ponzi Scheme have been arrested, bringing the pyramid scheme with allegedly 3,000 levels to an end.
PlusToken 2.0? New Chinese Ponzi scheme nets $1B in digital currencies
China has fallen victim to yet another mega digital currency scam. Known as WoToken, the scam is alleged to have made off with over $1B from 700,000+ investors.
The new PlusToken? Chinese scam pockets $12M in 3 weeks
A Chinese scam has attracted thousands of investors, with promises of a utopian world and exponential returns. In just three weeks, it has netted over $12m.
If exchanges won’t stop Bitcoin scams, processors can—and will
A recently-published research report into the PlusToken scam highlights the role regulated digital exchanges play in laundering the proceeds of crime.
Crypto Ponzi CloudToken shut down in China, 72 arrested
Law enforcement in China busted yet another cryptocurrency scam defrauding its residents.
PlusToken crypto scam caught dumping $105M in ETH
Twitter-based transaction monitor @whale_alert first reported PlusToken had shifted 789,525 ETH, worth more than $105 million.
PlusToken scam may lead to more than just loss of crypto holdings
The only thing worse than a scam that wipes out over $3 billion in cryptocurrency asset is a scam that wipes out those assets and causes the crypto market to collapse.
Multi-billion Ponzi scheme PlusToken reportedly dumping crypto
Known as PlusToken, the Ponzi scheme is reported to have caught as many as 10 million individual investors, with investment totaling $3 billion.