LIVE

LIVE (3)

PlusToken could be the largest scam in the history of financial pyramids. This project has already raised almost $ 3 billion in cryptocurrencies.

At the end of June of this year, six PlusToken project fraud suspects were arrested in China, while another part of the executives is still at large.

According to Elementus researchers, PlusToken collected 10 million ETH from over 800 thousand contributors. In addition to ETH, funds were invested in the project in other digital assets - in bitcoins, XRP and EOS. The total amount of funds raised is impressive - almost $ 3 billion in terms of the exchange rate. Investors live in almost all Asian countries, as well as in Russia, Ukraine, Germany and Canada.

According to preliminary estimates of other researchers, the PlusToken pyramid attracted about 200 thousand bitcoins, 789 thousand ETH and 26 million EOS. All of these funds went to wallets controlled by the PlusToken team. It was possible to track the funds of defrauded investors thanks to the cryptocurrency transaction analysis service created in the Special elaborations department of the Technopark of St. Petersburg. It is known that some of the bitcoins were already cashed by criminals through the Huobi Global and Bittrex crypto exchanges, while the other part settled on one of the crypto wallets.

In particular, PlusToken organizers transferred almost half of the funds raised to the Singapore Huobi crypto exchange - at least 4.3 million ETH of the total ETH.

The PlusToken project was launched in 2018 as an international cryptocurrency project and a decentralized solution (crypto wallet), supported by a team from South Korea. Project promotion was supposed mainly in Asian countries - China, Japan, Myanmar, Vietnam, as well as in Russia and Europe. The project immediately had obvious signs of a financial pyramid - a referral system was offered to investors and a monthly profit of 6% to 19% was promised. According to experts, the PlusToken fraudulent scheme is organized on the principle of the already closed BitConnect platform - with tokens and dividends. The capitalization of BitConnect tokens at the top of trading was a little over $ 121 million, and the capitalization of PlusToken was already $ 17 billion.

Although the PlusToken pyramid has ceased to exist, "a holy place does not exist empty." Similar projects Cloud Token and VDS (Vollar) appear on the market with a market capitalization of $ 1 billion and are already becoming popular, including among Russian-speaking users.

Earlier we reported what a financial pyramid is. Often, pyramids are often understood as MLM - a method of marketing promotion and sales that has been used for many years. Nevertheless, there are different nuances. A synonym for the “evil” pyramid is a scheme named after Ponzi, an Italian-American scammer who created a scam, massively promising investors profit from the contributions of new participants, forming a pyramid until the collapse that inevitably occurs, according to the nature of speculation and any financial bubbles. In our country, Mavrodi distinguished himself with such a fraud with the MMM pyramid. The concept of a financial pyramid is fixed at the legislative level and you can pay for it, including imprisonment for up to six years. So far, the practice of applying this criminal article is not very common.

The Central Bank of Russia gives several main signs of the financial pyramid in its recommendations: paying money to participants from funds contributed by other participants, lack of licenses for this type of activity, promise of high profitability, lack of information about the financial position of the organization, lack of own fixed assets or assets, lack of certain type of activity of the company.

Source: CryptoRussia.ru

Monday, 17 December 2018 20:40

FUNCTIONAL TESTING SICP COMMUNITY

Written by

Launched a pilot project of the service of evaluating the reliability of cryptowallets and conducting investigations of crimes committed using cryptocurrency.

We invite an active expert community to take part in testing the functional, discussing the sources of events, as well as questions of the legal significance of the evidence collected.

Suggestions (complaints, statements) are accepted in the comments below, to the official mailbox (This email address is being protected from spambots. You need JavaScript enabled to view it.), or you can use the official contact form on the website...

The most active participants will be presented for the award of internal tokens of the SICP platform.

More details: sicp.ueba.su

Tuesday, 23 October 2018 15:07

HOW TO BUY SICP TOKENS

Written by

To participate in a private pre-ITO platform, you need to purchase SICP tokens - 6hHaSKBVbZhJrAkr7GyvwBG4NhYyfXoDo3UfHTNxFn7x, on the decentralized exchange DEX (Waves - Bitcoin Wallet & Cryptocurrency).

Waves :: Bitcoin Wallet & Cryptocurrency - Download the app.

Waves Platform - Purchase Waves on the platform.

 

To purchase Waves, you can use a mobile application, a PC client, or even use an online client (in the browser). After that, you will need to go through the registration procedure and keep the keys in a safe place. As a result, a unique wallet number and the DEX exchange, which supports major cryptocurrencies and fiat currencies, will be available.

To replenish the wallet in USD (with a commission of only 1%), you will need to be identified - IDNow.eu.

About SICP

Security Intelligence Cryptocurrencies Platform - Cybersecurity infrastructure of the blockchain and antifraud in the cryptocurrency sphere. SICP - antiscam, trust, compliance.

Get In Touch

Address: Russia St. Petersburg Marshal Tukhachevsky 22

Phone: +7 (812) 983-0483

Fax: +7 (812) 983-0483

Email: sicp@ueba.su

Website: www.ueba.su

Join Our Community

Sign up to receive email for the latest information.

Search