At the end of June 2019, on a quiet morning, the Chinese police traveled halfway around the world to the South Pacific island country of Vanuatu, and kicked open the door of the criminal's house.
Hearing the sound, the criminal woke up from his sleep. Before he could wipe off the glistening saliva from his mouth, he was put on a limited edition silver VIP bracelet from the Motherland.
In November 2020, the court issued the verdict of the case. This shocking case, which swept more than 170 countries around the world, bloodbathed 2.7 million people and had as many as 3,000 levels, finally came to an end.
This is "the largest fund in the currency circle", PlusToken, involving 310,000 Bitcoins. If these Bitcoins can be obtained now, they will be worth up to 120 billion yuan.
So,
1. Behind PlusToken, who is stirring up hundreds of billions of funds?
2. How did PlusToken wipe out 2.7 million “coin friends”?
3. Why can PlusToken cut leeks in more than 170 countries around the world?
Today, I will take you to understand the whole story of "the largest fund market in the currency circle".
Let’s start with the team.
1. The chatty trio hit it off immediately
For a long time, the actual founding team of PlusToken has been shrouded in mystery.
A promotional material for PlusToken once mentioned that its founder is Leo, an AlphaGo algorithm researcher, and its co-founder is Kim Jong-in, a core technical member of the Samsung team.
These are the only two public members of PlusToken.
Regarding the unclear identities of the founding team members, the official explanation is that Satoshi Nakamoto did not show up, so everyone knows he is doing something.
When things go awry, there must be a monster. According to police investigations afterwards, the founders promoted by PlusToken, Leo and Kim Jong-in, were indeed puppets, and the actual founding team was someone else.
The real founder of the PlusToken platform is called Chen Bo, who is the Beidou in the MLM world.
At the beginning of 2018, Chen Bo created a digital wallet, named it PlusToken, and called himself Yu X Bao in the currency circle. The only difference is that Yu X Bao contains RMB, while PlusToken only accepts digital currencies worth more than 500 US dollars.
In order to brainstorm ideas, Chen Bo also invited two people, Lao Ding and Lao Peng.
Lao Ding, the relevant departments said that he is an expert in the field of blockchain who has "identity, resources, and is familiar with blockchain technology." Lao Peng, a well-known talkative expert in the MLM industry, was previously sentenced to 2 and a half years in prison for MLM. Unexpectedly, he and Guo Meimei were from the same family. After he was released from prison, he was still dishonest and ended up entering the palace within ten years.
At this point, the founding team of the "largest capital market" in the currency circle, the three-man hot-tongued trio, are all here.
After the meeting, the three of them had a long talk, day and night, coffee and Red Bull, and finally came up with a plan to make money!
On May 1, 2018, PlusToken was launched, and the ruthless harvest of leeks began.
2. A fancy scam “buried” 2.7 million coin friends alive
After getting to know the actual founding team of PlusToken and the threesome, let’s look at the second question. How did PlusToken, which was founded less than a year ago, wipe out 2.7 million currency fans?
The trio stipulates that to join PlusToken, you not only need to be recommended online, but also need to pay more than $500 worth of digital currency as an admission fee.
The entire operation of PlusToken can be described as full of routines and interlocking layers.
The first level of routine is "smart dog moving bricks".
PlusToken claims that members can get an income of 10%-15% of the principal every month. Looking at Yu X Bao’s dismal annual income of less than 3%, are you excited?
The second level of routine is direct recommendation income.
The people you directly recruit into PlusToken are your first generation offline.
The so-called direct recommendation income means that you will get exactly the same income as the first generation downline.
For example, if your first generation downline invested 10,000 yuan, and the monthly profit is 10%, or 1,000 yuan, then you will also get 1,000 yuan in profit.
Next is the third level, indirect recommendation income.
After your downlines have downlines, you can also increase your income. Indirect referral income means that you can get 10% of all account income for generations 2-10.
For example, if one of your second generation offline invests 10,000 yuan, and the profit in one month is 10%, or 1,000 yuan, then you can get 10% of 1,000 yuan, which is 100 yuan in profit.
But there is another condition, that is, you must directly recommend several valid accounts to get several generations of profits.
To put it bluntly, an effective account is an account for charging money. What does it mean to push several effective accounts to get several generations of income?
For example, you only have two direct referral accounts, that is, 2 first-generation offline accounts, but one of them is very hardworking and directly helps you expand to the 10th generation.
Because you only have two direct referral accounts, you can only get the second generation of indirect referral income, and the next 3-10 generations have nothing to do with you.
If you want to get the benefits of the 3rd generation, you have to recruit 3 people. If you want to get the 10th generation, you have to recruit 10 people.
The purpose of this condition is to stimulate you to constantly attract people and prevent you from relying solely on offline people to "eat".
It’s not over yet. The fourth level of routine, executive income, is divided into four levels based on the number of development accounts and the amount of principal invested. After reaching it, you can get additional rebates. The official promise is that the maximum is more than 150 Thousand dollar reward.
In other words, the more people you cheat, the more money you cheat, and the more rewards you can get.
The essence of this level of routine is actually to encourage you to win people over. Layers of routines, interconnected and leak-proof, this rigorous attitude towards doing things is worth learning in our study and work.
After reading these routines, do you think you can make a lot of money in PlusToken as long as you keep pulling people?
Sorry to disappoint you.
Because PlusToken uses plus coins as the settlement method for member income.
What is plus coin?
plus currency is the currency issued by the PlusToken platform itself. It has no value and is approximately equal to air.
In other words, you work hard to win people, but in the end you only get air, no, you get plus coins.
Although the essence is free prostitution, you still have to put on a show.
In order to gain the trust of members, PlusToken claims that plus coins can be withdrawn at any time.
If you think this rule sounds good, you are totally wrong!
The threesome's goal is to make investors relax their vigilance. Not only will they not let go of any leek, they even want to dig out the roots of the leek.
In order to delay members' withdrawal time, PlusToken stipulates that "within 28 days, a 5% handling fee will be deducted for withdrawals, and after 28 days, only a 1% handling fee will be deducted."
In this way, members will delay the withdrawal time in order to save the 4% handling fee.
But do you think that after 28 days, money will be in your pocket?
PlusToken also stipulates that withdrawals are allowed, but manual review is required.
In other words, whether the air can be exchanged for the digital currency you bought with real money is up to the arrogant trio. However, how can it be so easy to get back the money that has gone into other people's pockets?
In this wave, PlusToken is in the atmosphere.
In order to better cut leeks, PlusToken also launched a virtual mining machine project in February 2019.
It sounds like a very high-end virtual mining machine, but it is actually a sports bracelet.
Virtual mining machines are divided into two levels: diamond and VIP. It costs 420,000 to activate diamond and 850,000 to activate VIP.
PlusToken opened 13,000 virtual mining machines before running away. Based on the average price of the mining machines of 635,000, the trio made off with 8.25 billion yuan through the virtual mining machine project alone.
However, the total cost of purchasing a sports bracelet with PlusToken is only 325,000 yuan.
In other words, the average cost of a virtual mining machine with an average price of 635,000 yuan is only 25 yuan.
All the "bamboo shoots" are really being taken away.
In addition, PlusToken requires users to lock up their principal for one year after opening a virtual mining machine.
As a result, less than half a year later, the actual founders of PlusToken, a trio of loudmouths, were arrested.
3. Brutal promotion to cut leeks all over the world
Such an obvious scam, why can PlusToken cut leeks in more than 170 countries? First of all, it is inseparable from the brutal promotion of the loud-mouthed trio.
In order to shape the company's image, PlusToken claims that it is a multinational company, with its R&D laboratory in Seoul, South Korea, and Samsung and Google holding 17% of the shares.
The gossiping trio also hired a blond Russian guy named Leo as a puppet, and asked Leo to attend various events as the founder of PlusToken and even meet with the crown prince.
When I saw PlusToken’s “Xi mention” to the British Crown Prince Charles, I realized that this is the highest level of CX, and micro-business “Xi Ti” Harmony account was nothing.
Moreover, the gossip trio also made PlusToken’s advertisements appear everywhere.
Not only appeared on the big screens of Zhongguancun and Nasdaq.
Even the edamame from the wet market is not spared.
Under the brutal promotion of PlusToken, the trio deceived 2.7 million cryptocurrency enthusiasts around the world in just one year.
As of June 27, 2019, PlusToken had collected 310,000 Bitcoins, 9.17 million Ethereums, and 11 billion Dogecoins from members...
Calculated based on the lowest price of digital currencies at that time, the total value of the above digital currencies exceeded 14.8 billion yuan. If we get it now, Bitcoin alone is worth 120 billion yuan.
When money comes too quickly, people tend to drift away.
The leader of the loudmouth trio, Chen Bo, realized 145 million yuan.
After receiving the money, Chen Bo first used 12 million of "the hard-earned money of currency friends" to honor his parents. Among them, 10 million was given to the girlfriend's parents, and the remaining 2 million was given to his father. Then he bought a Maserati and a Land Rover for his younger brother.
Finally, Chen Bo "thought of himself" and bought himself 11 apartments.
However, Chen Bo hadn't been famous for long before the scene at the beginning of the video appeared. The trio of quarrelsome people wore limited edition VIP silver bracelets sent by the motherland.
On that day, all online activities of PlusToken suddenly stopped.
Official announcement: PlusToken prohibits members from withdrawing cash due to system upgrade.
PlusToken’s customer base exploded.
In order to appease the emotions of the leeks, PlusToken's strongest public relations officer immediately took action and began to make up stories for everyone in tears, "Everyone, please calm down, this is all slander. We are just upgrading the system, and everything will come back."
What I mean is that everyone else is lying to you, and they just don’t want you to get rich. You have to believe me, only PlusToken is really good for you.
This acting skill made the Oscar winner cry when he heard it.
So, something magical happened. After the arrogant trio was arrested, digital currency was still transferred into the PlusToken account every minute and every second.
According to official statistics, after June 28, 2019, a total of 380 million yuan worth of Bitcoins were transferred to PlusToken.
What kind of love do these members have for PlusToken?
On November 26, 2020, the court issued the second-instance verdict of the PlusToken case. The threesome and 11 other people were sentenced to fixed-term imprisonment of two to 11 years respectively.
After all PlusToken members were brought to justice, where did the Bitcoins worth up to 120 billion yuan go?
The money paid by members is not returned to the victims like P2P, but is collected by the state and confiscated from the national treasury. Therefore, for the victims, the treatment is much worse than that of P2P.
PlusToken can conquer the world not only because of fancy routines and brutal promotion.
The reason why victims are deceived is inseparable from human greed.
So after one PlusToken fell, thousands of other Tokens stood up.
For example, the WoToken digital currency CX case involving 710,000 people and the amount involved was as high as 7.7 billion yuan. TokenStore, which has 800,000 registered members, was exposed to run away... and so on.
However, these are just the tip of the iceberg.
PlusToken is no longer PlusToken, but looking back suddenly, leeks are still leeks.
How to stay away from scams?
Don’t blindly pursue high returns, earn what you can.
It sounds simple, but how many people can actually do this?
When many people see the high profits, their brains are immediately filled with blood and they immediately get on the boat. However, when they wake up, they find that the boat has sailed into the deep sea.
references:
1. Second-instance criminal ruling on the crime of Chen Bo, Ding Zanqing and others organizing and leading pyramid schemes and Chen Tao’s crime of covering up and concealing criminal proceeds and proceeds of crime.
2. Deep Throat Decryption: The big boss behind plustoken has surfaced. Before the collapse, the members earned at least 100,000 a day. Before the incident, they bought BMWs, sports cars, real estate and apartments. Liu Yongsheng
3. 14.8 billion! The details of the digital currency pyramid scheme were exposed. Members paid 314,200 Bitcoins, reaching 3,293 levels. He Xiaotao, etc.
4. Uncovering the 50 billion “blockchain” scam, Lu Zhijian, etc.
5. Behind the financial losses of novices in the currency circle, reveal the secrets of capital market tricks, Yue Pinyu, etc.
6. On the 4th day after the withdrawal of plustoken, the largest fund in the currency circle, was stopped, internal recordings were leaked and the founder was controlled by the police. Liu Yongsheng
7. 15 people were sentenced, and the verdict was announced in the 14.8 billion digital currency pyramid scheme case! There are nearly 2.7 million registered members, using blockchain to defraud, with levels as high as 3,293, Xie Zhongxiang
8. 40 billion transnational shocking case! 2 million people were trapped in the cryptocurrency pyramid scheme, and 109 people were arrested! There are as many as 3,000 levels of hierarchical relationships, Wang Junhui
9. More than 2 million people participated, more than 3,000 levels, and more than 310,000 Bitcoins - revealing a huge digital currency network pyramid scheme, Xiong Feng
10. The amount involved exceeds 40 billion! A huge transnational online pyramid scheme was solved, Lin Jing
11. Plus Token Wallet MLM has all its flaws revealed, Yue Pinyu, etc.
12. 50 billion "blockchain" scam: MLM routines wear the new "vest" of blockchain, Lu Zhijian, etc.