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The Team Behind PlusToken Scam Got Arrested in China

Sying Tien

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Six Chinese citizens who carried out the PlusToken scam were arrested in Vanuatu, China.

PlusToken Ponzi Scheme promised users high monthly ROI(6-18%) by simply transferring your crypto to their PlusToken wallet that supported multiple crypto currencies ( Pluscoin, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, Dogecoin, EOS, and Dash) and was available on Android and iOS platforms.

PlusToken Wallet

The PlusToken Wallet had over 2.4 million active members who were mainly from Asian countries. PlusToken claimed that their system would increase the users crypto assets through arbitrage trading.

PlusToken team carried out multiple paid social media campaigns, a very generous referral program and organized multiple events to promote their Ponzi Scheme and to attract more victims.

PlusToken Meeting Event in Tokyo, Japan

Finally, it all collapsed when PlusToken stole all of their users funds around 20 billion yuan ($2.9 billion USD).

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

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Video: Roger Ver: Bitcoin Cash Can Go Up a Thousand Times

Sying Tien

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Roger Ver, founder of bitcoin.com, who’s known as “Bitcoin Jesus,” joins CNBC’s “Power Lunch” team to talk about the cryptocurrency markets, the price of Bitcoin and more.

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Morocco Warns of Cryptocurrency Risks

M. Ali

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Morocco Warns of Cryptocurrency Risks

During a blockchain conference that was held last week on Rabat, the Moroccan Central Bank’s president Abdel Latif El-Gawahry said he is doubtful that cryptocurrencies can ever become the future of money and trading Bitcoin and other cryptocurrencies is a high risk.

According to the Moroccan news media “Hespress”, during the event, El- Gawahry also expressed doubt that cryptocurrencies could ever become the future of money. He said that Bitcoin lacks the characteristics of a real currency:

El-Gawahry said that despite the fact that he is against Bitcoin, he believes that blockchain technology has changed the way that banks and financial institutions operate today. He also added that he thinks that the blockchain revolution has arrived, and we believe it has the potential to impact the world just as much as the internet has since the 1990’s.

El-Gawahr aslso mentioned that Morocco, in the near future will be improving the local finacial services by applying new technologies such as blockchain.

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New Zealand Police Seize $4.2 Million Worth of Cryptocurrency From a Movie Pirate.

June G. Bauer

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New Zealand Seize cryptocurrency

New Zealand Police have seized $6.7 million New Zealand dollars (around $4.3 M USD) in cryptocurrencies as well as another $1.1 million New Zealand dollars in bank funds from an alleged movie pirate who lives in Hamilton city in the North Island of New Zealand.

According to NZ Herald, a local media outlet, the arrest came following an investigation into alleged online movie piracy in the United States. The culprit name is Jaron David McIvor, a 31-year-old computer programmer and was charged of committing money laundering by receiving millions of dollars from an alleged illegal movie streaming website he helped create.

The money was allegedly deposited into his bank accounts from international wire transfers, PayPal, and another third party payment processor “Stripe”.

According to the report, this seizure is believed to be the first “high value” restraint of cryptocurrency in New Zealand and easily the largest amount.

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