WOTOKEN

Ponzi

Estimated loss

$1.11B

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

WOTOKEN, involved in a cryptocurrency pyramid selling case involving more than 7.7 billion yuan, has opened court and completed the trail in public and at Binhai County People's Court in Yancheng City, in which six major defendants were tried separately for organizing and leading pyramid selling activity; covering up and concealing income; harboring. Attack method (per SlowMist): Ponzi. Reported loss: $ 1,109,800,000.

Primary source

https://coingeek.com/operators-of-1b-ponzi-scheme-wotoken-sentenced-to-9-years-in-prison/ ↗

Sourced from

slowmist

Technical record