The Chronology of the PlusToken Scam and Victim Tracking Investigation

Introduction

The PlusToken scam, the largest Ponzi scheme in the history of cryptocurrency, shocked the entire digital currency community. This astounding scam involving $6 billion not only left over 2 million investors with significant losses but also revealed the enormous risks hidden in cryptocurrency investments. This article will delve into the ins and outs of the PlusToken scam and track the latest progress on asset recovery.

The PlusToken Scam Case: Chronology and Victim Tracking Investigation

Unveiling the PlusToken Super Ponzi Scheme: Tracking the Flow of 6 Billion Dollars

The PlusToken scam, one of the largest Ponzi schemes in cryptocurrency history, involved an amount as high as $6 billion. The platform lured investors with high investment returns, promising them monthly yields of 10% to 30%. Blockchain analysis revealed that the scam group transferred funds to multiple web3 wallet addresses and attempted to obscure the flow of funds through mixing services. As of now, law enforcement has successfully recovered $3.9 billion in assets.

The Entire Process of Victimization: From High Yield Promises to Total Loss

The PlusToken platform uses "blockchain quantitative trading" as a pretext, claiming to have advanced trading algorithms. Victims started with an initial investment of 100 USD and gradually increased their investment scale. Statistics show that there are over 2 million victims worldwide, spread across multiple countries including China, South Korea, and Japan. After realizing they could not withdraw their funds, the platform's customer service went completely offline, resulting in significant economic losses.

| Investment Stage | Committed Return Rate | Actual Situation | |----------|------------|----------| | Startup Phase | 10%/month | Normal Cashback | | Development Period | 15-20%/month | Partial Cashback | | Crash Period | 30%/Month | Unable to Withdraw |

PlusToken Mastermind's Escape and Capture: Details of the International Pursuit Operation

After 18 months of international manhunts, law enforcement successfully captured 27 main suspects in several Southeast Asian countries. Investigations revealed that the PlusToken founding team began implementing a meticulously planned escape strategy in June 2019, gradually transferring funds to offshore accounts. Ultimately, with the assistance of INTERPOL, the main suspects were arrested in Malaysia, Cambodia, and other locations.

Conclusion

The PlusToken scam, with an astonishing scale of 6 billion USD, has become the largest Ponzi scheme in the history of cryptocurrency. Through international law enforcement cooperation, 27 key suspects have been successfully arrested, and 3.9 billion USD in assets have been recovered. Although authorities have established a phased compensation plan, the first batch of 50,000 victims can receive a 30% payout, this case once again warns investors to be cautious when facing investment projects that promise high returns.

Risk Warning: The regulatory policies of the cryptocurrency market are constantly changing, and new types of fraud are emerging. Even with relevant preventive awareness, there may still be a risk of asset loss.