A project named plus token scammed many people in Bitcoin, ETH, BCH, XRP and some other coins, and they are currently withdrawing it to cash
On the 22nd June 2020, a twitter user Alert found more than 26 million EOS (worth over USD$67mil) had been moved from a wallet related with PlusToken to an obscure wallet, provoking Cryptocurrency brokers to go on high alarm for potential downward value development for EOS.
Indeed on 24th June 2020 we saw a checked plunge in EOS costs, however it can't be affirmed this was because of an offer of the PlusToken reserves.
Just a matter of a couple of days after the fact on 24th June 2020, Whale Alert found another colossal lump of PlusToken reserves, this time more than 789,000 ETH (worth over USD$187 million) had been moved from a PlusToken wallet to another location, but then again to another obscure location.
Notwithstanding the developments of EOS and ETH, it's been an extremely bustling week for PlusToken. So far they have moved over USD$428 million worth of digital forms of money to new wallet and the accompanying trades: Binance, Huobi, HBTC, OKEx, Gate.io and MXC Exchange.
Plus Token has been proven to be a Ponzi scheme which has made a lot crypto investors and users withdraw their crypto into cash.
