Chinese Authorities Seize Various Cryptocurrencies Worth $4.2 Billion from Plustoken
Chinese police have held onto more than $4.2 billion worth of crypto resources in its clampdown against the Plustoken Ponzi scheme. As indicated by a court administering, law requirement seized a sum of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million litecoin (LTC), and 27.6 million EOS.
In July, police in China captured 109 individuals connected with the Plustoken Ponzi scheme – 27 of whom were accepted to be the supposed brains. The Yancheng Intermediate People’s Court said Plustoken worked authoritatively between May 2018 and June 27, 2019, attracting over 2.6 million individuals across 3,293 levels.