1% Of Bitcoin’s Total Supply Has Just Been Seized By The Chinese Police

1% Of Bitcoin’s Total Supply Has Just Been Seized By The Chinese Police

Chinese police have seized 194,774 Bitcoin (1% of Bitcoin’s total supply of 21 million BTC) worth over $3.2 Billion, in the latest operation against the infamous PlusToken scheme that defrauded investors of approximately $7.6 billion. Additionally, Chinese authorities seized other crypto assets including 830,000 ETH, 1.4 million LTC, 487 million XRP, 213,000 USDT, 79,000 BCH, […]

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Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown

Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi ClampdownChinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million litecoin (LTC), and 27.6 million EOS. […]

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$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China

$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in ChinaA Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four convicts involved in the billion-dollar Ponzi scheme Wotoken on Tuesday, several local […]

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Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity

Visual Interpretation of Bitcoin's Supply Shows the Digital Asset's Unique ScarcityThe Bitcoin network has recently crossed over the 18.5 million mark, as far as the number of bitcoins currently minted into circulation. However, even though over 18 million coins have been minted to-date there’s a number of different elements that affect the distribution of all the coins in existence. Elements that affect bitcoin distribution include […]

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Despite Warnings from Regulators, the Ethereum Fueled Pyramid Scheme Forsage Thrives

While Ethereum has seen a number of benefits from the decentralized finance (defi) movement and initial coin offerings (ICOs), more recently individuals have been leveraging ether for pyramid schemes and matrix cycler programs. One particular scheme crypto enthusiasts are discussing these days is the gifting pyramid scheme called Forsage. Following the demise of a number […]

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