News Snapshot:
Court in Yancheng, Jiangsu province, sentences those behind a multinational pyramid scheme to up to 11 years in prison Size of the PlusToken scam makes it one of the largest uncovered Ponzi schemes in China to have taken advantage of blockchain technology Size of the PlusToken scam makes it one of the largest uncovered Ponzi schemes in China to have taken advantage of blockchain technology, and the number of new cases involving illegal fundraising have soared in recent years. A Chinese court has sentenced ringleaders of a multinational cryptocurrency-based pyramid scheme to up to 11 years in prison after they...
