PlusToken

Ponzi

Estimated loss

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VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

PlusToken collapsed. Currently, PlusToken wallets can only be transferred in and cannot be withdrawn. Some investors said that 35 hours after the withdrawal of the coin, the account has not yet arrived. It is suspected that the reason given by the PlusToken promotion team is that the recent Bitcoin network transactions are busy, and the time for confirmation of the account has become longer, so you need to wait patiently. The largest MLM project in the currency circle has since collapsed. Attack method (per SlowMist): Ponzi. Reported loss: 2,900,000,000.

Primary source

https://cointelegraph.com/news/vanuatu-extradicts-six-chinese-citizens-allegedly-involved-in-crypto-scheme ↗

Sourced from

slowmist

Technical record