Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme


Source: coinspeaker.com coinspeaker.com

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The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform. Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC , 833,083 ETH , 1.4 million LTC , 27.6 million EOS , 74,167 DASH , 487 million XRP , 6 billion DOGE , 79,581 units of BCH , and 213,724 USDT have been seized by Chinese law enforcement from seven convicts during the crackdown. This is a major crackdown that will see the Chinese government own over 1%...