Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

[Josemendez]

The Plustoken Ponzi has lead to the arrest of up to 109 suspected individual.
News shown in cointelegraph reveals that the court filling has seized crypto asset worth $4.2 billion naira which includes , 1.4 million Litecoin (LTC), 27.6 million EOS, 74,167 Dash,194,775 Bitcoin (BTC), 833,083 Ether (ETH) , etc.

This money were all part of the Ponzi scheme .
This was first made public on November 19 ,2020.
What do you think about this case ?

 

[Sincerem]

Hmm, that's a very big Cryptocurrency laundering, plustoken ponzi scheme did enough to detect this men, and save whole lots of Cryptocurrency asset from them.I'm really happy they didn't get away with it.

 

[Ehizzy1]

I think as they are being caught is still good because this would obviously serve as lesson to others , so they could take more precaution i think

 

[Niftyyem]

This is good work on the part of the police. I can't help but wonder how much the real amount is if such huge amount could still be recovered from them.

 

[Nurudeen]

That's a very good one from the Chinese authorities. They need to clamp down on all those Ponzi scheme scammers who are out there scamming people of there hard earned money with different Ponzi coin

 

[GoldenLady]

It's always difficult to get away with ponzi scheme.

The bad thing is that because people want to make fast money, they do not care even if they invest their hard-earned money in those ponzi scheme, ignoring the best advise.

 

[Abiolz]

That is laudable from the chinese government, this will actually safe some people funds and also deterred others from venturing into this criminal act.

 

[Ralphjoe]

The arrest of these cryptocurrency Ponzi scheme scammers is is actually a testament that the scammers that are using cryptocurrency are not invisible and so they can be tracked and arrested. I will give a big kudos to the Chinese police and authorities who were able to trace and arrest these criminals.

 

[Senator]

This is a very interesting news even though belated. It is good that the authorities seized those funds. The next thing now is that I hope they can trace the contributors of those funds in order to get them refunded

 

[Sincerem]

Kudos to the police force, if they can continue working expertly like this, it will help expose those scammers, that wants to run away with peoples funds.

 

[GIFTMICHAEL]

That's a good move by the Chinese police department to track down the scammers running away with peoples funds. That will show as a deterrent to teach other scammers lesson.

 

[Chibson]

People just have to be careful with all these Ponzi schemes. I think the Chinese government did the right thing by season some amount of money from the scammers.

 

[Shigobad2020]

The Plustoken Ponzi has lead to the arrest of up to 109 suspected individual.
News shown in cointelegraph reveals that the court filling has seized crypto asset worth $4.2 billion naira which includes , 1.4 million Litecoin (LTC), 27.6 million EOS, 74,167 Dash,194,775 Bitcoin (BTC), 833,083 Ether (ETH) , etc.

This money were all part of the Ponzi scheme .
This was first made public on November 19 ,2020.
What do you think about this case ?

Ponzi scheme is all over the world where some people use the avenue of getting rich scheme to scam people out of their hard earned money, we need to beware of scammers looming everywhere.

 

[Sincerem]

Hmm, ponzi scheme creators are just trying to earn cash from people by scamming them off their money. I'm just gappy as the Chinese police force arrested the one who well to them, that's the end of the scammers doom.

 

[Richard92]

this case is a very difficult one my question now is people invested in that platform now how will they be paid are you now telling me that they are now running at a big loss.

 

[ahmedo24]

Ponzi schemes comes with loosing more money than gains but if eventually they are audited people that loose their money be refunded by the Chinese police.

 

[richee84]

This is a good action in the right direction as it will help to reduce the rate of crime in the crypto business. If the police in other country can emulate this kind of action in other country it will go a long way to reduce crime.

 

[Sincerem]

Ponzi schemes comes with loosing more money than gains but if eventually they are audited people that loose their money be refunded by the Chinese police.

If what you said can be carried out then it is worth it. Refunding those who fell victim of scam through the dubious ways of the ponzi scheme initiators.

 

[Heatman]

If what you said can be carried out then it is worth it. Refunding those who fell victim of scam through the dubious ways of the ponzi scheme initiators.

Well if it is my cryptocurrency that was seized by the Chinese government I'm not sure if I am going to lay low and not do anything about it if I'm not doing anything that is illegal for them to seize my cryptocurrencies.

 

[ahmedo24]

Offcourse if the owner can go legally to secure back his Crypto currencies there is every possiblilty to be victorious in the end , it all about giving it a shot.