$3B Ponzi Scheme is Dumping BTC by the Hundreds - page 3.

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: ccryptopark on August 15, 2019, 10:49:04 AM

Did anyone hear about the PlusToken scam? 10 million investors scammed of $3 billion seems like a massive number! Ciphertrace mentioned in their recent report that the PlusTooken scheme was the largest single incidnet of loss in 2019.

The image in this article shows the movement of money from addresses which is pretty crazy. Movements of 50-100 BTC batches appear to move into exchanges.

This is so disappointing imo another scheme and a big one at that

https://cointelegraph.com/news/3b-ponzi-scheme-is-now-allegedly-dumping-bitcoin-by-the-hundreds

It is for Ponzi scheme to gather this type of huge amount of money because bitcoin is anonymous and that is why people are saying "governments' regulating crypto currency and bitcoin will be the best thing to do"! Just imagine such huge amount of money is being move into the hands of fraudsters and terrorist! The havoc it will cause will be unbearable. $3billion is not small money and very soon these Ponzi runners are going to move the Bitcoin to mixers and from there dump it into the markets which will still affect Bitcoin pricing.

shield132

hero member

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Metawin.com - Truly the best casino ever

Quote from: Artemis3 on August 15, 2019, 12:01:55 PM

Quote from: avikz on August 15, 2019, 11:55:05 AM

I had actually installed plus token wallet back in May this year after knowing their dividend sharing model and looking at the increase in price. It was giving me a scammy feeling from the beginning so I posted a thread in this forum seeking the advice from the members on 14 May. But surprisingly no one bothered to reply so I dropped the plan of investing their minimum amount, $500. Thank God that I did not invest a dime and uninstalled the app.

Anyway, I think this is a temporary phase in the market. Price is decreasing because of higher supply but that is not going to last forever. I don't think it will be able to create a permanent dent in the market because demand is robust. If you have seen the trend, its very clear that the price is not just falling, it is also increasing to some extent before falling again. So if you stay put at this time and try to score some bitcoins below 10k price, it's going to be beneficial.

But such kind of incidents are actually reminding us the requirement of a strict regulatory policy at international level. Scams are on the rise and without a strict global norm, such incidents will occur again and the scammers will get away it!

Let them, cheap bitcoin for all, this is the chance before the halving bull run...

I guess those coins would be considered dirty? But if they are moving them into exchanges i doubt they care. Wonder why they didn't bother with mixers.

So it was another MLM thing? bring n people and cash out 10x your investment? Heh, so typical.

Cheap bitcoin is good sometimes but the way it gets cheaper isn't good at all. All these ponzi schemes affect bitcoin negatively, both price and reputation and in overall combination of all these makes situation even worse and hard for bitcoin to rice. (You know a lot of people have negative look on bitcoin and when they see there are many ponzi schemes using it, there are crimes with it and etc, ruins bitcoin's reputation and when reputation is ruined, it's hard to see price rise and interest in this coin).

Carlton Banks

legendary

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ALLEGEDLY

even the contelegraph headline stipulates that condition

there is zero proof that this is happening

Artemis3

legendary

Activity: 2030

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CLEAN non GPL infringing code made in Rust lang

Quote from: avikz on August 15, 2019, 11:55:05 AM

I had actually installed plus token wallet back in May this year after knowing their dividend sharing model and looking at the increase in price. It was giving me a scammy feeling from the beginning so I posted a thread in this forum seeking the advice from the members on 14 May. But surprisingly no one bothered to reply so I dropped the plan of investing their minimum amount, $500. Thank God that I did not invest a dime and uninstalled the app.

Anyway, I think this is a temporary phase in the market. Price is decreasing because of higher supply but that is not going to last forever. I don't think it will be able to create a permanent dent in the market because demand is robust. If you have seen the trend, its very clear that the price is not just falling, it is also increasing to some extent before falling again. So if you stay put at this time and try to score some bitcoins below 10k price, it's going to be beneficial.

But such kind of incidents are actually reminding us the requirement of a strict regulatory policy at international level. Scams are on the rise and without a strict global norm, such incidents will occur again and the scammers will get away it!

Let them, cheap bitcoin for all, this is the chance before the halving bull run...

I guess those coins would be considered dirty? But if they are moving them into exchanges i doubt they care. Wonder why they didn't bother with mixers.

So it was another MLM thing? bring n people and cash out 10x your investment? Heh, so typical.

avikz

legendary

Activity: 3080

Merit: 1500

I had actually installed plus token wallet back in May this year after knowing their dividend sharing model and looking at the increase in price. It was giving me a scammy feeling from the beginning so I posted a thread in this forum seeking the advice from the members on 14 May. But surprisingly no one bothered to reply so I dropped the plan of investing their minimum amount, $500. Thank God that I did not invest a dime and uninstalled the app.

Anyway, I think this is a temporary phase in the market. Price is decreasing because of higher supply but that is not going to last forever. I don't think it will be able to create a permanent dent in the market because demand is robust. If you have seen the trend, its very clear that the price is not just falling, it is also increasing to some extent before falling again. So if you stay put at this time and try to score some bitcoins below 10k price, it's going to be beneficial.

But such kind of incidents are actually reminding us the requirement of a strict regulatory policy at international level. Scams are on the rise and without a strict global norm, such incidents will occur again and the scammers will get away it!

microsurfer

member

Activity: 177

Merit: 11

Another one problem with Ponzi. They are dumping btc price!
/hate/

ccryptopark

jr. member

Activity: 300

Merit: 5

Did anyone hear about the PlusToken scam? 10 million investors scammed of $3 billion seems like a massive number! Ciphertrace mentioned in their recent report that the PlusTooken scheme was the largest single incidnet of loss in 2019.

The image in this article shows the movement of money from addresses which is pretty crazy. Movements of 50-100 BTC batches appear to move into exchanges.

This is so disappointing imo another scheme and a big one at that

https://cointelegraph.com/news/3b-ponzi-scheme-is-now-allegedly-dumping-bitcoin-by-the-hundreds

Topic: $3B Ponzi Scheme is Dumping BTC by the Hundreds - page 3. (Read 573 times)