Low-priced bitcoin sales after $ 3 billion fraudulent Ponzi plan stolen!

Low-priced bitcoin sales after $ 3 billion fraudulent Ponzi plan stolen!
Abstract

Bitcoin's $ 3 billion sale by a Chinese panzer fraud has accelerated the decline in bitcoin prices at low prices.

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Bitcoin's $ 3 billion sale by a Chinese panzer fraud has accelerated the decline in bitcoin prices at low prices.

 
Digital currency marketer Dovey Wan has announced that a scam investing project called PlusToken is selling $ 3 billion of bitcoin at a low price.
 
The Ponzi scheme is a scam in which a company promises astronomical profits for their money. The fraudster first leverages the money of the new investors, earning the initial investors to trust the system and attract more money. When a lot of money is raised, the fraudster runs away with the money.
 
According to Van, Plus Token was founded in the middle of last year with the promise of several percent astronomical profits for four levels of investors (which is a classic mechanism for Ponzi's plans). By early 2019, the project could attract more than 10 million users.
 
Mr. Van has called for cross-border exchanges and platforms to be included in the blacklist as soon as possible by providing various data, including multiple Bitcoin, Ether and EOS Eas wallet addresses. .
 
According to Van, some leaders of the Ponzi scheme were wanted and eventually arrested by Chinese police two months ago; shortly thereafter, they were found to have committed something of $ 3 billion fraud.
 
In addition to the addresses, Van also released reports from the security firm Peckshield showing the turnover of Plus token wallets through early July. Accordingly, the sales process appears to have started in July.

 
 
In spite of the arrests of the leaders of the scheme, no access to currencies is possible. In explaining his claim, Van writes:
 
Many of these bitcoin addresses start with P2SH, which is used to benefit from Multi-Sig signatures. The keys appear to be held by several different individuals who have not yet been arrested, so the police cannot recover funds and access to the wallet. The story about Ethereum and IAS is different, but so far the police have not been able to obtain these funds.
 
To counter the bitcoin sales at a low price, Van asked Packschild and Chainalysis to make more detailed reviews and estimates. He noted that Plus Token is transferring bitcoins to 50- to 100-part exchanges.
 
Chinese traders have reported that in the past few days, 100 bitcoins have been steadily selling at lower prices. One attributes this to the Ponzi scheme.
 
CipherTrace calls the Plus Token plan the biggest digital currency fraud of 2019. The company, which works for China's security block, has reported that about $ 2.9 billion of fraudulent users have so far.



Source: cointelegraph

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