Not long ago, the virtual asset trading platform JPEX was recently named by the Securities and Futures Commission as operating without a license. The Hong Kong police have arrested at least 11 people so far, including Internet celebrity Lin Zuo, YouTube Internet celebrities "Chen Yi" and "Zhu Gongzi";
Platform crashes, air coins are used to make money, these are not uncommon reports in the cryptocurrency circle. They are always replaced by old news. A few years ago, a few junior high school students found a foreigner and even defrauded 2.69 million people from more than 170 countries. The amount was as high as more than 100 billion. It is said that it also included the stock god Buffett from Da Piaoliang.
Back to the end of the bear market in 2018, a man who used to be called Chen Zihan and later changed his name to Chen Bo was sitting in his rented house in Changsha with his junior high school diploma, thinking about life. At that time, the cryptocurrency market was in a bear market and everyone was in danger. So how could he quickly accumulate his wealth in the cryptocurrency market in an environment where everyone was in danger?
It really made him think of it. Chen Bo planned a wallet project called Plus Token. Simply put, this project is the "Yu'e Bao" of the cryptocurrency circle. As long as you deposit no less than $500 in the wallet, you will generate a fixed income. They also promised that under the premise of protecting the principal, the monthly static income can reach 30%. Of course, this is not much in the cryptocurrency circle, where there are great risks and opportunities. They also launched a dynamic income
The way to get it is to invite other people to put their coins into Plus Token. Every time you successfully invite someone, you will get a corresponding reward. The more people you develop, the more coins you will have, and your level will rise. The rewards will also increase, and there are also hierarchical settings, from members to big households, and then to big shots and gods, and finally you will ascend to the throne of creation, and there is no upper limit. The more people you invite, the higher the income you get.
If they can reach the number of people they recruit every month, the headquarters will also issue additional bonuses. Just by recruiting people, they can earn 10 million a year. Many people are pulled into Plus Token by people around them, and more and more people are joining. At the same time, in order to make this project more influential, Chen Bo also found a foreigner named Lee to be the co-founder of the company and let him be active on various stages for a long time. He also announced that this foreigner was a researcher of Google's Alpha team before, and spent a lot of money to let him participate in the Digital Economy Forum held in Geneva, and he also shook hands with Buffett cordially.
Just like that, Plus Token suddenly became the world's second largest digital currency wallet, and Chen Bo successfully retreated behind the scenes. In fact, Lee's identity was an international student studying at a university in Changsha, without any technical background. The most important thing is that Plus Token itself has no profit model, so this is a complete Ponzi scheme plus a pyramid scheme.
Therefore, they could only rely on constantly recruiting new members and providing high returns to old members. In order to delay the scam, Chen Bo set up many time-delaying rules, such as charging a 5% handling fee for withdrawals within 28 days, and only 1% after 28 days. In this way, as of the time of the incident, Plus Token had a total of 310,000 Bitcoins, 9.18 million Ethereums, 51 million EOSs, and countless Dogecoins and Tethers, etc.
As our domestic laws and regulations improved, Chen Bo and his Plus Token quietly ran away in 2019. From then on, no matter whether it was leeks or miners, it was impossible to withdraw all the coins. In June 2019, the Chinese police arrested Chen Bo on a small island in the Pacific Ocean under a global wanted notice. His accomplices were also arrested around 2020.
Here I would like to remind you that although the cryptocurrency industry has high returns, it also has high risks. High returns belong to forward-looking traders. Don’t believe in any project that can make money without thinking. You focus on the returns, while others focus on your principal.
