The PlusToken scam of 2019 helped fuel Bitcoin’s parabolic rise to $14,000 in mid-2019, before the scammers began dumping stolen Bitcoin into the market through the crypto exchange Huobi.
New data that shows the growth of cryptocurrency wallets across the most popular cryptocurrency exchange from January 2019 on, shows just how large the impact that PlusToken had on the crypto market and Bitcoin’s price during the calendar year.
Crypto Exchange Grows By 200,000 BTC, PlusToken Scammers Steal 200,000 BTC
During the early half of last year, a Ponzi scheme called PlusToken defrauded a large sum of Bitcoin from investors.
The buying up of Bitcoin to fuel the scheme, caused the leading cryptocurrency by market cap to break up and out of its bottom trading range – possibly preemptively – and caused the crypto asset to skyrocket. Read More...