PlusToken, a South-Korean based cryptocurrency, was promising to yield 9% to 18% monthly returns was actually a scam. It was presented in front of the investors (mostly based out of South Korea & China) with promising futures, asking them to store Bitcoin (BTC), Ethereum (ETH), and EOS on the platform. After having what is believed to be $6 Billion in the deposit (reported by China News) taken from four million users, they pulled an exit scam, and the investors were left out cold.
Since then, Chinese police managed to arrest over 100 people involved in this cryptocurrency scam.
MyCryptoParadise
PlusToken
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MarkRoberts
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