PlusToken Scam
The PlusToken scam was based on a classic pyramid scheme structure:
🔵 Investor attraction: Via the PlusToken mobile application, investors were promised high returns of up to 10-30% per month, allegedly generated by “smart” crypto trading algorithms.
🔵 Referral program: Investors could increase their profits by recruiting new participants, thereby accelerating the growth of the pyramid.
🔵 Ponzi scheme: Returns for old investors were paid with the deposits of new investors.
🔵 Collapse: In June 2019, the project collapsed and more than $2 billion was stolen.
