Before it went bust, the PlusToken platform’s 2.7 million members contributed approximately 14.8 billion yuan (US$2.25 billion) worth of eight types of cryptocurrencies, including more than 310,000 bitcoin. Illustration: Shutterstock Before it went bust, the PlusToken platform’s 2.7 million members contributed approximately 14.8 billion yuan (US$2.25 billion) worth of eight types of cryptocurrencies, including more than 310,000 bitcoin. Illustration: Shutterstock
Before it went bust, the PlusToken platform’s 2.7 million members contributed approximately 14.8 billion yuan (US$2.25 billion) worth of eight types of cryptocurrencies, including more than 310,000 bitcoin. Illustration: Shutterstock
Bitcoin

Chinese cryptocurrency scam ringleaders jailed in US$2.25 billion Ponzi scheme involving PlusToken platform

  • 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

Topic |   Bitcoin
Before it went bust, the PlusToken platform’s 2.7 million members contributed approximately 14.8 billion yuan (US$2.25 billion) worth of eight types of cryptocurrencies, including more than 310,000 bitcoin. Illustration: Shutterstock Before it went bust, the PlusToken platform’s 2.7 million members contributed approximately 14.8 billion yuan (US$2.25 billion) worth of eight types of cryptocurrencies, including more than 310,000 bitcoin. Illustration: Shutterstock
Before it went bust, the PlusToken platform’s 2.7 million members contributed approximately 14.8 billion yuan (US$2.25 billion) worth of eight types of cryptocurrencies, including more than 310,000 bitcoin. Illustration: Shutterstock
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