Foolish Yancheng, the public security and judiciary act recklessly, claiming to enforce the law for the people, but in the end, they are just sucking the blood of the common people, it is the common people who suffer the most.

🚨 Where did the 190,000 Bitcoins confiscated by China go?

Chinese authorities have confiscated a large amount of digital assets. The PlusToken team, led by a man from Changsha with a middle school education, raised 310,000 Bitcoins, 5.23% of Bitcoins, 9.17 million Ethereum (ETH), and over 51 million EOS, using a simple Ponzi scheme and multi-level marketing model. Chinese police confiscated 190,000 BTC, 830,000 ETH, and 27.24 million EOS.

PlusToken offered investors guaranteed monthly payments ranging from 6% to 19% and bonuses for attracting new participants. The company planned to register 10 million users by the end of 2019, despite claiming a participant count of 3 million.
In 2019, users of the PlusToken cryptocurrency wallet lost 3 billion dollars after the project leader absconded with the funds. The platform was launched in 2018 and was marketed as a decentralized international project developed by a Korean team. PlusToken targeted countries in Asia and Europe.
In November 2020, reports indicated that Chinese authorities seized cryptocurrencies worth 4.2 billion dollars from the PlusToken financial pyramid. The government planned to sell these cryptocurrencies and remit the profits to the national treasury.
At that time, it was reported that the government confiscated the following currencies: 195,000 BTC, 833,000 ETH, 1.4 million LTC, 27.6 million EOS, 74,000 DASH, 487 million XRP, 6 billion DOGE, 80,000 BCH, and 214,000 USDT.
Therefore, despite various bans currently in place, China remains one of the most critical players in the cryptocurrency space, even though it pretends to be an invisible shadow.

The altcoin frenzy has yet to begin, and it is a good time to ambush altcoins and first-tier coins; the dean has recently observed the Ethereum chain puppies for a long time and feels they have great potential!
$XRP $DOGE $PEPE
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