Plus Token makes huge transfers. What is the reason?
Unfortunately, financial pyramids work not only in the classical economy, but also in the modern crypto industry. That is why every user is obliged to exercise maximum vigilance, because no one is immune from fraud. Especially if we are talking about such a brazen and dangerous project as Plus Token. This financial pyramid works specifically with cryptocurrencies, and, as it is not strange, it really finds its “clients”. Thanks to deception, the site has accumulated a huge amount in the crypt. But now most of the funds have been liquidated. What is the reason? Did the scammers really have a conscience, and how not to become a victim of fraud? Let’s get it right.
About the company itself
First of all, it is necessary to talk about what PlusToken is and how this fraudulent enterprise works. The company is considered one of the largest financial pyramids in the modern crypto industry. However, high popularity in a negative way does not prevent charlatans from working at all. Inexperienced users continue to invest in this company, enriching its creators. It all started quite civilly. The company registered in 2018, initially positioned itself as an honest, decentralized project for earning. But competent experts immediately revealed the classic Ponzi scheme. The point, recall, is that new investors invest in the company, and their money goes to previously invested project partners. Roughly speaking, the younger feeds the older. But he himself remains hungry. The official cover was a special digital wallet. Just for using this resource you get money. But at the same time, your funds are constantly at risk.
The Chinese company even issued its own token, which quickly went to popular exchanges. The project developed until its alleged creators were detained by local police. But even after the arrest, Plus Token continues to work. The company’s servers are functioning, and the accounts are constantly conducting transactions. At the moment, fraudsters have managed to launder about 80% of all stolen funds. For this, several mixers are used to make transaction tracking impossible. In total, swindlers stole about $ 3 billion. This huge amount was entrusted to them by investors who did not recognize the pyramid in the project. And the most deplorable thing is that the company negatively affects the price of the first crypt. Selling its assets, Plus Token brings down the value of Bitcoin. These are dangerous people who should be avoided.
How to avoid becoming a victim of Plus Token?
Firstly, just avoid any contact with this company. Seeing the name in the advertisement – forget about cooperation. Having noticed the link to download the application, immediately abandon the idea of installing their wallet. By protecting yourself in every possible way from relationships with deceivers, you will definitely save your own funds. But what if Plus Token changes its name or new scams enter the market? How to protect yourself and your savings? Here are a few rules:
- Check legal information. We recommend that you carefully read all available company documents. Many scammers often make significant mistakes that betray cheating. If there is no documentation – immediately stop working;
- Do not invest heavily. Entrusting tens or hundreds of thousands to an unknown project, you risk unjustifiably. If you really want to work, we recommend starting with a few dollars. The specific amounts established to start cooperation should alert;
- Keep track of the project’s reputation. It is possible that you are working with well-known scammers. Just check reviews about the company from its real users. This will help to make an objective assessment;
So now you know how to protect yourself from Plus Token and similar dishonest companies. Be vigilant and follow the news of the crypto industry with us. We publish only high-quality and interesting material. Thanks for your attention. Good luck!