At the end of June 2019, on a quiet morning, Chinese police traveled across half the globe to the South Pacific island nation of Vanuatu and kicked open the door of the criminals' house. This is an astonishing number, 2.7 million people, 3,000 floors, bloodbath, and a sum of up to 120 billion yuan... These words are shocking and unbelievable.

PlusToken, the once-popular "largest fund in the cryptocurrency circle", has trapped countless investors. The scam carefully designed by its founder Chen (pseudonym) and his team involved a sum of 310,000 bitcoins, which once caused panic among investors in more than 170 countries around the world. Among these investors, there are many big Vs and celebrities.

PlusToken's operating model is a typical "pyramid-style fundraising" that makes profits by recruiting people and developing downlines. Chen and others used social media platforms to hype up their platform, claiming that it can make money without doing anything, which attracted a large number of investors. Investors are often deceived by this kind of high-yield, low-risk propaganda and have invested their own assets.

However, such high returns often hide huge risks. PlusToken swept away the savings of countless people in just a few months, leaving many people in despair. It is reported that one victim even committed suicide because of this incident, which is heartbreaking.

In November 2020, the court issued a verdict on the case, and Chen and others were sentenced to heavy penalties. This shocking case has finally come to an end. However, the losses caused by this case are irreparable, countless families have been broken up, and the trauma in people's hearts is difficult to heal.

In this case, we can see the traps and risks behind "high returns". Investors are often confused by the immediate benefits and ignore the potential risks. This also reminds us that investment is risky and we need to be cautious when entering the market. When faced with similar high-return propaganda, we must keep a clear head and not blindly follow the trend. Only rational investment can avoid falling into traps.

In addition, this case also shows us the problem of lack of supervision. In the PlusToken scam, investors came from more than 170 countries around the world, but the regulatory authorities did not discover and stop this behavior in time, which is regrettable. This also shows the importance of global regulatory cooperation. Only by strengthening international cooperation and jointly combating transnational crimes can we create a safer and fairer investment environment for investors.

In short, this case of "the largest Ponzi scheme in the cryptocurrency circle" has taught us a profound lesson. It reminds us to keep a rational mind in investment and not be tempted by high returns and ignore risks. It also makes us see the problem of lack of supervision and the need to strengthen international cooperation to jointly combat transnational crimes. I hope that in the future investment environment, there will be more rationality and supervision, and less blindness and traps.#币安合约锦标赛