Today, I will take you to eat a big melon and dig into the PlusToken pyramid scheme case that caused a sensation a few years ago. This melon is now ripe and worth hundreds of billions! The nearly 200,000 bitcoins confiscated by the Yancheng police that year are now worth nearly 110 billion yuan! OMG! This is simply a "windfall"! Where is this money now? I will take you to dig deep!
Do you remember PlusToken, which was posing as "blockchain financial management" a few years ago? This is a real "leek-cutting" project. How many people have been defrauded of their fortunes by it! This case has affected more than 200 countries and regions around the world, with more than 2.7 million registered members and a total amount of more than 50 billion yuan involved! It's scary to think about it!
At that time, when the Yancheng police cracked the case, they seized a large amount of virtual currency, including nearly 200,000 bitcoins. Although the price of bitcoin was not as outrageous as it is now, these bitcoins were also valuable. After evaluation and determination, after deducting the cost of handling the case, this batch of bitcoins was worth 368 million yuan. In November 2020, the Yancheng Intermediate People's Court heard the PlusToken case.
The verdict was announced and 16 defendants were sentenced to fixed-term imprisonment and fined.
So, how did this batch of bitcoins go from more than 300 million to 110 billion? This is the magic of Bitcoin - the price fluctuates greatly! A few years ago, Bitcoin was only a few hundred dollars per coin. In 2017, it rose to nearly 20,000 US dollars, and in 2021 it exceeded 60,000 US dollars! Although it has fallen back now, it still costs more than 30,000 US dollars per coin. With this calculation, isn't the Bitcoin confiscated in Yancheng worth hundreds of billions?
Now the question is, what should be done with this 110 billion "windfall"? This is a century-old problem! Some say it should be auctioned publicly, and the highest bidder wins; some say it should be confiscated and put into the national treasury; others say it should be used for public welfare. I think the money should be turned over to the national treasury according to law. After all, this is the stolen money of pyramid schemes, the hard-earned money of countless victims. It should be taken from the people and used for the people, to improve people's livelihood and develop the economy.
Of course, handling the money is only the first step. What is more important is to strengthen the supervision of virtual currencies. The price of virtual currencies such as Bitcoin fluctuates violently and the risks are extremely high. They can easily be used by criminals as tools for money laundering and fraud. The PlusToken case is a typical example. The state should improve relevant laws and regulations, strengthen supervision, crack down on illegal and criminal activities, and protect the rights and interests of investors.
This incident also reminds ordinary people that virtual currency investment is very risky, so be cautious! Don't be fooled by the "high returns" and "guaranteed profits", and don't participate in illegal fundraising! There is no such thing as a free lunch. Investment and financial management must choose formal channels and invest rationally to protect your wallet!
Finally, the editor would like to say that the nearly 200,000 bitcoins seized in Yancheng are not only the legacy of the PlusToken case, but also a difficult problem. Behind the fate of this huge fortune is a complex game of technology, law and economy. How to deal with it is not only related to the preservation and appreciation of state-owned assets, but also provides experience for the future supervision and application of virtual currencies. I hope that these bitcoins will eventually find a reasonable way to dispose of them, which will not only reflect social value, but also become an attempt to promote financial innovation. For ordinary people like us, the greatest significance of this matter may be to remind us that while technology brings convenience, it is also accompanied by risks and responsibilities. We must keep our eyes open and be vigilant to remain invincible in the wave of science and technology! #交易所BTC储备量创2018年以来新低
