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Santy
@m4dr0b0t
Warning🚨: The Great Crypto Heist Top 10 Worst Crypto Rug Pulls of all time 🧵
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Santy
@m4dr0b0t
8/ PLUS TOKEN PlusToken, a Chinese crypto platform, made away with $2.25 billion of their investors (14.8 billion yuan) between May 2018 and June 2019, promising high returns for referrals and investments. The value of the stolen coins has since surged, estimating losses at nearly $11 billion. The founder Chen Bo and their accomplices fled to Cambodia but were later arrested by the Chinese authorities in June 2020. Chen Bo and 15 others received prison sentences (2-11 years) and fines ($100,000-$1 million), ending one of China's largest crypto fraud cases.
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