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This Is Why the Chinese Government Is Not Satisfied With Crypto.
These 6 people stole $3.3 billion in crypto from 3 million people and told them "sorry we have run"
PlusToken
- launched in 2018
- marketed as a "smart crypto wallet"
- promised 10 to 30% monthly returns
- founder Chen Bo, born 1983, Chinese national
- claimed profits came from arbitrage trading and mining
- none of it was real
the pitch that hooked millions
- download the app
- deposit BTC or ETH
- buy their token called PLUS
- watch your "returns" grow every month
- refer friends and climb tiers like "Big Boy" and "Great God"
- PLUS token even hit $350 on small exchanges
- everything looked legit from the outside
how they sold the dream
- WeChat groups running 24/7
- in person investment workshops
- supermarket billboards
- slick ads pretending to be an international company
- claimed a headquarters in Vanuatu
- 3 million people across China, South Korea, and Japan bought in
the real numbers behind the scam
- 180,000 BTC flowed into PlusToken wallets
- 6.4 million ETH
- 111,000 USDT
- total value around $2 to $3.3 billion depending on the estimate
- victims ranged from 2.6 to 4 million people
- most were ordinary people chasing "guaranteed" returns
June 2019, the music stops
- withdrawals freeze overnight
- team claims a "hack" and says funds are being moved for security
- then the founders vanish
- the app starts showing a message on transactions
- it says "sorry, we have run"
- not a joke, they actually wrote that
the hunt begins
- Chinese police move fast
- June 2019, six ringleaders including Chen Bo arrested in Vanuatu
- extradited back to China
- by mid 2020, 27 masterminds and 82 core members rounded up
- some were hiding in Cambodia, Vietnam, Malaysia
- over 100 people linked to the operation total
how they tried to hide the money
- used crypto mixers like Wasabi Wallet
- ran peel chains to split funds into tiny pieces
- cashed out through OTC brokers on Huobi
- dumped over 25,000 BTC on the market
- their sells were so big they actually crashed Bitcoin prices in late 2019
the courtroom
- December 2020
- Yancheng Intermediate People's Court in Jiangsu
- Chen Bo and 13 top operators sentenced
- prison terms ranged from 2 to 11 years
- fines up to $900,000
- court confirmed it was a pyramid scheme
- total fraud amount 14.8 billion yuan, roughly $2.25 billion
what the police seized
- 194,775 BTC
- 833,083 ETH
- millions in LTC, EOS, XRP, DOGE
- worth $4.2 billion at 2020 prices
- all forfeited to the Chinese national treasury
- some of those ETH wallets sat dormant until 2024 then started moving again
what victims got back
- almost nothing
- typical for these schemes
- the money went to the government not the people who lost it
the faces behind $3.3 billion in stolen crypto
- Chen Bo, born 1983, the founder
- Dong Jianhua, born 1990
- Wang Renhu, born 1984
- Peng Yixuan, born 1982
- Ding Zanqing, born 1978
- Yuan Yuan, born 1987
- all arrested, all sentenced
the lesson that never gets old
- they promised 10 to 30% monthly returns
- 3 million people said "sounds good"
- the app looked real, the returns looked real, the community looked real
- but zero actual trading ever happened
- zero mining ever happened
- it was new money paying old money until the money ran out
if someone promises you guaranteed returns in crypto
they are not giving you alpha
they are making you the exit liquidity
save this post and send it to someone who needs to hear it
Join our group to get the latest news for your trading signal 👈
PlusToken
- launched in 2018
- marketed as a "smart crypto wallet"
- promised 10 to 30% monthly returns
- founder Chen Bo, born 1983, Chinese national
- claimed profits came from arbitrage trading and mining
- none of it was real
the pitch that hooked millions
- download the app
- deposit BTC or ETH
- buy their token called PLUS
- watch your "returns" grow every month
- refer friends and climb tiers like "Big Boy" and "Great God"
- PLUS token even hit $350 on small exchanges
- everything looked legit from the outside
how they sold the dream
- WeChat groups running 24/7
- in person investment workshops
- supermarket billboards
- slick ads pretending to be an international company
- claimed a headquarters in Vanuatu
- 3 million people across China, South Korea, and Japan bought in
the real numbers behind the scam
- 180,000 BTC flowed into PlusToken wallets
- 6.4 million ETH
- 111,000 USDT
- total value around $2 to $3.3 billion depending on the estimate
- victims ranged from 2.6 to 4 million people
- most were ordinary people chasing "guaranteed" returns
June 2019, the music stops
- withdrawals freeze overnight
- team claims a "hack" and says funds are being moved for security
- then the founders vanish
- the app starts showing a message on transactions
- it says "sorry, we have run"
- not a joke, they actually wrote that
the hunt begins
- Chinese police move fast
- June 2019, six ringleaders including Chen Bo arrested in Vanuatu
- extradited back to China
- by mid 2020, 27 masterminds and 82 core members rounded up
- some were hiding in Cambodia, Vietnam, Malaysia
- over 100 people linked to the operation total
how they tried to hide the money
- used crypto mixers like Wasabi Wallet
- ran peel chains to split funds into tiny pieces
- cashed out through OTC brokers on Huobi
- dumped over 25,000 BTC on the market
- their sells were so big they actually crashed Bitcoin prices in late 2019
the courtroom
- December 2020
- Yancheng Intermediate People's Court in Jiangsu
- Chen Bo and 13 top operators sentenced
- prison terms ranged from 2 to 11 years
- fines up to $900,000
- court confirmed it was a pyramid scheme
- total fraud amount 14.8 billion yuan, roughly $2.25 billion
what the police seized
- 194,775 BTC
- 833,083 ETH
- millions in LTC, EOS, XRP, DOGE
- worth $4.2 billion at 2020 prices
- all forfeited to the Chinese national treasury
- some of those ETH wallets sat dormant until 2024 then started moving again
what victims got back
- almost nothing
- typical for these schemes
- the money went to the government not the people who lost it
the faces behind $3.3 billion in stolen crypto
- Chen Bo, born 1983, the founder
- Dong Jianhua, born 1990
- Wang Renhu, born 1984
- Peng Yixuan, born 1982
- Ding Zanqing, born 1978
- Yuan Yuan, born 1987
- all arrested, all sentenced
the lesson that never gets old
- they promised 10 to 30% monthly returns
- 3 million people said "sounds good"
- the app looked real, the returns looked real, the community looked real
- but zero actual trading ever happened
- zero mining ever happened
- it was new money paying old money until the money ran out
if someone promises you guaranteed returns in crypto
they are not giving you alpha
they are making you the exit liquidity
save this post and send it to someone who needs to hear it
Join our group to get the latest news for your trading signal 👈
Pridiction of $TOMATO Price Pls Comment ?
Tell ME How Many Tomarket ( Tomato ) Coins do you have - $TON $BNB Blockchain Meme Coins Market 🌟
#CryptoMarketMoves #TelegramCEO #tomarket #BinanceBlockchainWeek #BecomeCreator
Tell ME How Many Tomarket ( Tomato ) Coins do you have - $TON $BNB Blockchain Meme Coins Market 🌟
#CryptoMarketMoves #TelegramCEO #tomarket #BinanceBlockchainWeek #BecomeCreator
**Attention Investors! Beware of Shady Crypto Schemes! 🚨**
In the fast-paced world of cryptocurrency, it's crucial to stay vigilant and protect your hard-earned money from potential scams. One such scheme to watch out for is $TOMATO Mining Platform, which is raising red flags for several reasons:
🔒 **Lack of Transparency:** Transparency is key in the world of investments, and $TOMATO is lacking in this department. The absence of credible information and official confirmation from Binance should raise serious concerns about the legitimacy of this platform.
💸 **Ponzi Scheme Risks:** The promise of high returns with minimal effort is a classic red flag for a Ponzi scheme. Investors should be wary of platforms like $TOMATO that rely on new investors' money to pay fake profits to earlier investors, as this unsustainable model often leads to financial losses for many.
❌ **No Binance Backing:** It's essential to verify the credibility and legitimacy of any platform claiming association with reputable entities like Binance. Without concrete evidence of Binance's backing, investors should exercise caution and refrain from investing in $TOMATO until further due diligence is conducted.
**Stay Sharp, Stay Safe!** As an investor, it's crucial to conduct thorough research, exercise due diligence, and remain cautious when navigating the complex world of cryptocurrency investments. Protect yourself from potential scams and fraudulent schemes by staying informed and making educated decisions.
#CryptoAwareness #tomarket #ProtectYourInvestments #DoYourResearch #BNBChainMemecoins
In the fast-paced world of cryptocurrency, it's crucial to stay vigilant and protect your hard-earned money from potential scams. One such scheme to watch out for is $TOMATO Mining Platform, which is raising red flags for several reasons:
🔒 **Lack of Transparency:** Transparency is key in the world of investments, and $TOMATO is lacking in this department. The absence of credible information and official confirmation from Binance should raise serious concerns about the legitimacy of this platform.
💸 **Ponzi Scheme Risks:** The promise of high returns with minimal effort is a classic red flag for a Ponzi scheme. Investors should be wary of platforms like $TOMATO that rely on new investors' money to pay fake profits to earlier investors, as this unsustainable model often leads to financial losses for many.
❌ **No Binance Backing:** It's essential to verify the credibility and legitimacy of any platform claiming association with reputable entities like Binance. Without concrete evidence of Binance's backing, investors should exercise caution and refrain from investing in $TOMATO until further due diligence is conducted.
**Stay Sharp, Stay Safe!** As an investor, it's crucial to conduct thorough research, exercise due diligence, and remain cautious when navigating the complex world of cryptocurrency investments. Protect yourself from potential scams and fraudulent schemes by staying informed and making educated decisions.
#CryptoAwareness #tomarket #ProtectYourInvestments #DoYourResearch #BNBChainMemecoins
Warning: Is $TOMATO a Scam? Unveiling the Risky Reality Behind This Mining Platform
Warning: Is $TOMATO a Scam? Unveiling the Risky Reality Behind This Mining Platform
The $TOMATO mining platform has sparked significant concerns, urging potential investors to proceed with extreme caution. There’s no credible information confirming that $TOMATO will be listed on Binance, and it hasn’t appeared in any official Binance announcements—a red flag in the crypto space.
Cloud mining platforms, especially those promising high returns with little effort, are often linked to scams. These platforms might not be conducting any actual mining; instead, they could be using new user deposits to pay out “profits” to earlier investors, operating as a Ponzi scheme.
Moreover, Binance has stringent criteria for the projects they list and support. So far, there’s no verified evidence that TOMATO meets these standards. Many scams attempt to exploit the reputation of established platforms like Binance to seem credible, making it vital to independently verify any claims.
In conclusion, without solid evidence and official confirmation, it’s safest to avoid the TOMATO mining platform and protect yourself from potential losses. Always conduct thorough research before investing in any crypto project.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
$BTC #TON #binanceweb3 #tomarket #tokenTalkTime #telegramrewards
The $TOMATO mining platform has sparked significant concerns, urging potential investors to proceed with extreme caution. There’s no credible information confirming that $TOMATO will be listed on Binance, and it hasn’t appeared in any official Binance announcements—a red flag in the crypto space.
Cloud mining platforms, especially those promising high returns with little effort, are often linked to scams. These platforms might not be conducting any actual mining; instead, they could be using new user deposits to pay out “profits” to earlier investors, operating as a Ponzi scheme.
Moreover, Binance has stringent criteria for the projects they list and support. So far, there’s no verified evidence that TOMATO meets these standards. Many scams attempt to exploit the reputation of established platforms like Binance to seem credible, making it vital to independently verify any claims.
In conclusion, without solid evidence and official confirmation, it’s safest to avoid the TOMATO mining platform and protect yourself from potential losses. Always conduct thorough research before investing in any crypto project.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
$BTC #TON #binanceweb3 #tomarket #tokenTalkTime #telegramrewards
#tomarket
This is Step 2:
🪙🍅To be eligible for the minimum allocation, you'll need to reach at least Bronze ranking (L4).We’re making sure the airdrop rewards those who are truly engaged, not just those who show up at the last minute. The more active you’ve been, the more tokens will be reserved for you. Only the most dedicated will claim their full share—so step up, reach Bronze, and secure your spot.31st October. Tell the world.
This is Step 2:
🪙🍅To be eligible for the minimum allocation, you'll need to reach at least Bronze ranking (L4).We’re making sure the airdrop rewards those who are truly engaged, not just those who show up at the last minute. The more active you’ve been, the more tokens will be reserved for you. Only the most dedicated will claim their full share—so step up, reach Bronze, and secure your spot.31st October. Tell the world.
$TON
#tomarket
Tomarket ($TOMA) is newly listed and has recently become available for trading, which may lead to some volatility in its price. Currently, its price is around $0.0073, with a fully diluted market cap estimated at approximately $1.78 million. However, due to the initial listing phase, prices could fluctuate significantly depending on trading volume and broader market sentiment.
#tomarket
Tomarket ($TOMA) is newly listed and has recently become available for trading, which may lead to some volatility in its price. Currently, its price is around $0.0073, with a fully diluted market cap estimated at approximately $1.78 million. However, due to the initial listing phase, prices could fluctuate significantly depending on trading volume and broader market sentiment.
#tomarket I bought a limited medal in tomarket which will only be for 200,000 users, just look at the benefits it will give at the moment I have 1.5+M tokens, tell me your opinion about it)
Expected Price Of TOMA Token 🍅
Tomarket has completed distribution among users and now preparing for listing. Although listing announcement of any exchange except Bitget isn't announced yet. Users are excited considering decent price of TOMA token.
Price Prediction
Experts are predicting the price of TOMA tokens around $0.05_$0.5 which is very high price for any project. I am damn sure that we aren't going to see this price on listing considering other projects listing happened in the recent past. The price is going to be around $0.001_$0.0009 as it's a genuine price.
Expectations From Toma
Users shouldn't expect high price from TOMA as we have seen in the past that projects like Hamster, Cats and X Empire didn't deliver according to users expectations.
Note: This article is for educational and informational purpose only and constitutes no financial advice.
#tomarket
Price Prediction
Experts are predicting the price of TOMA tokens around $0.05_$0.5 which is very high price for any project. I am damn sure that we aren't going to see this price on listing considering other projects listing happened in the recent past. The price is going to be around $0.001_$0.0009 as it's a genuine price.
Expectations From Toma
Users shouldn't expect high price from TOMA as we have seen in the past that projects like Hamster, Cats and X Empire didn't deliver according to users expectations.
Note: This article is for educational and informational purpose only and constitutes no financial advice.
#tomarket
As of now, the KAIA token is priced around $0.1384. For the upcoming November 4, 2024, the price is expected to fluctuate within a range of approximately $0.09692 to $0.1509, with an average price projection also around $0.1384. The market conditions and ongoing developments can significantly influence these prices, so it's advisable to keep an eye on market trends as that date approaches.
For more detailed information and updates, you can check platforms like Gate.io or CoinCheckup, which regularly analyze and forecast cryptocurrency prices.#kaia #Bitcoin #crypto #major #tomarket $KAIA
For more detailed information and updates, you can check platforms like Gate.io or CoinCheckup, which regularly analyze and forecast cryptocurrency prices.#kaia #Bitcoin #crypto #major #tomarket $KAIA
Tomarket has distributed $TOMA tokens to the eligible users based on the levels and in app performance. But some users didn't receive tokens as they are declared to be involved in cheating by using bots or involved in other suspicious activities. It's really a sad part for a user when instead of receiving tokens he/she get to see that your account isn't qualified for receiving any TOMA after farming for over months. There is also an option to appeal if you feel that it's a mistake from Tomarket, Go appeal but I don't think that it will work as everything is already planned.
#tomarket
#tomarket
#tomarket #TomarketAirdropPrice
31 October airdrop, joint income same easy money with this project,, joint link first comment,, 🦋❤️
31 October airdrop, joint income same easy money with this project,, joint link first comment,, 🦋❤️
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