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   1158

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.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   880

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”