Article|Chinese Business Strategies Yang Yang
This is the first Chinese public security agency to use blockchain technology and Digital currency transaction is a huge transnational network pyramid scheme.
The case value is over 50 billion, involving more than 310,000 Bitcoins, more than 9.17 million Ethereum coins and other digital currencies. More than 2 million people participated, and the level of MLM is as high as more than 3,000.
Old-fashioned modus operandi, different trading media. This”valuable” case is the”Plus Token” network pyramid scheme cracked by the Yancheng City, Jiangsu Province Public Security Bureau.
The case has now entered the trial stage. This is the first large transnational network pyramid scheme that used blockchain technology and digital currency transactions to be detected by my country’s public security organs.
Early 2019, Yancheng The Municipal Public Security Bureau first discovered that the Plus Token platform was suspected of engaging in Internet pyramid schemes. In June of the same year, the police of the task force went to several countries and regions to cooperate with the local police to successfully arrest 28 principal criminals who had hidden inside and outside the country. In March of the following year, all 82 key members involved in the case were arrested in one fell swoop.
This Plus Token platform, which was once called”the largest capital market in the currency circle” in the industry, is indeed not small. It is reported that when the main criminal of the platform was arrested, the price of Bitcoin plunged by 30%.
According to Mei Jijun, head of the Economic Investigation Detachment of the Yancheng Public Security Bureau, from May 2018 to June 2019, the Plus Token platform has developed more than 2 million members. There are also a considerable number of overseas members with intricate hierarchical relationships up to more than 3,000.
In order to cover up, Plus Token does not accept cash transactions, and members must join the membership through digital currencies such as Bitcoin and Ethereum. However, income and commissions are paid to members in the form of”Plus Coins”, and the so-called”Plus Coins” are”virtual currencies” created by criminal suspects and are not recognized by the market at all.
It is reported that the platform collects more than 310,000 bitcoins from members, in addition to more than 9.17 million digital currencies such as Ethereum. According to market conditions at the time of the incident, these digital currencies are equivalent to a total value of more than 50 billion yuan.
Similar to various MLM cases in the past, this case also concealed the scam behind it by creating a”tall” concept:criminal suspects packaged Plus Token into a wallet that combines technology and dreams. Let this domestic MLM platform become a wolf in sheep’s clothing and a digital currency value-added platform developed by well-known foreign brands.
However, if you want to join this”tall” platform, you must get the platform’s”smart brick-moving income”, that is, you must pay at least $500 in the digital currency”threshold fee”. In order to make more money, members must develop more levels of offline.
For outsiders, it seems so Obvious scam, why are so many people fooled? In fact, people’s awareness of prevention is not strong enough, and they always dream of”getting for nothing” and”getting rich overnight”. In the end, their ideals are shattered and they end up harming others and themselves.
In recent years, through innovation and practice, the achievements of economic investigation information construction have also been widely used. Although we have made progress in this new type of Internet-related economic crimes, the police also specifically reminded that in major MLM activities, except for the organizers and a few high-level backbone members, the vast majority of people have nothing to lose. Return.
There will be no pie in the sky. Investors must be vigilant so as not to leave opportunities for criminals.
Some netizens have called for this:”Coins, blockchains, and tokens are almost in this model. Regulatory authorities and the public must keep their eyes open and continue to crack down on numbers. The lawbreakers of currency rubbing the ball.”
The pictures are all from the Internet
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