PlusToken to be Suspected of $3B Scam - Media

PlusToken was launched in 2018 and the wallet was positioned as a decentralized solution and an “international cryptocurrency project,”
02 July 2019   1727

According to 8btc, the creators of the PlusToken wallet allegedly disappeared with $ 3 billion in user funds. The publication emphasizes that today it is the largest exit scam and Ponzi scheme in China.

Many users of social networks complain that they have been unable to withdraw funds for several days:

PlusToken Users
PlusToken Users

At the same time, since June 29, the course of the native token of the PlusCoin platform “hangs” at $ 139,237, absolutely not changing. According to investors, the project team disappeared with assets of 20 billion yuan (about $ 3 billion).

781,000 ETH is stored on one of Ethereum's PlusToken addresses (more than $ 220 million at the current exchange rate). In addition to the ether, the wallet allowed to store Bitcoin, Bitcoin Cash, Litecoin, XRP, Dogecoin and DASH.

PlusToken was launched in 2018. The wallet was positioned as a decentralized solution and an “international cryptocurrency project,” allegedly supported by a team from South Korea and promoted mainly in Asian countries such as China, Japan, Myanmar, Vietnam, as well as in the EU and Russia.

On the project website it is indicated that the co-founder of PlusToken is a certain Mr. Leo, however, almost no additional data about him. Also, some information indicates that the wallet was developed by one Chinese company based in Jiaxing (Zhejiang Province).

The company was characterized by clear signs of a financial pyramid. Thus, investors were offered a referral system and the opportunity to receive monthly funds from 6% to 19%.

Previously, the company set an ambitious goal - to increase in 2019 the user base to 10 million people. Last month, PlusToken reported 3 million registered users.

In March, police in the southern province of Hunan initiated an investigation into the Ponzi-scheme PlusToken. Since then, the head of the Chinese division, Chen Bo, with five other project-related citizens of the PRC, has been on the run.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   230

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.


Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!