News Snapshot:
- A + A (Nov 28): A Chinese court in the eastern province of Jiangsu charged organizers of PlusToken with building a pyramid scheme which collected billions of dollars worth of cryptocurrencies from members. The ruling on 14 people including Chen Bo, who created the platform in 2018, was upheld in a second trial as final, according to a document from the Intermediate People’s Court in Yancheng city. The statement was released Nov. 26 on a website affiliated with the Supreme Court. Cryptocurrencies collected from users as a joining fee were valued at at least 14.8 billion yuan ($2.3 billion)...
