The Chinese authorities have announced that 27 major suspects of the multi-billionaire PlusToken ponzi scheme which defrauded victims in more than $3 billion in Crypto assets have been arrested.
The news was reported by the Ministry of Public Security which confirmed the fact on Thursday, July 30 also note in the statement that over 82 other key prominent people involved in the whole scheme have been arrested. This is an interesting development, after the Chinese authorities back in 2019 confirmed that 6 major suspects leaders of the scheme was "on bars" but the founders on the run, with this arrest the China authorities seems to have worked a lot to arrest all those persons behind the scam.
PlusToken ponzi scheme was founded in 2018, and caused a wide range panic into the Chinese and Korean community when the business was reported saying that no investor could cashout their earnings in 2019, but the company denied all those allegations and said it was an "hackers attack". The business managed to collect more than $3 billion from nearly 800,000 investors worldwide, being Chinese the more numbers of creditors.
The scheme was considered one of the largest fraudulent business on Crypto space, being PlusToken and Onecoin scam, two of the major scams on the decentralized assets with total defrauded to victims in more than $7 billions in investors assets.
Those schemes stolen a lot of money from customers!
PlusToken stolen funds have been several times moved to unknown wallets to unknown wallets, with purpose to whitelist the assets, recently they moved near 790,000 ETH in June, worth not less than $180,000.000 at the time.
I am glad that the Chinese Police arrested this criminals and will take them to face the court and condemned for their actions. This is the best news concerning scammers being Jailed on 2020 and I believe many more will be arrested, victims deserve to have some clarification on this matter and if they couldn't have back their belongings could see them being prosecuted and condemned.
China is known for their "Iron" hand on criminals, and sometimes that's needed.
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That's great news, I have been scammed many times here in our country some are from traditional business, and some claims they were on forex trading. I was ignorant that time, I hope those scammers will be convicted just like this Chinese men