PlusToken Ponzi
“PlusToken Ponzi” (PlusToken scam) — what it is
PlusToken was not a person. It was a crypto-based Ponzi scheme (marketed as a cryptocurrency wallet and investment program) that operated internationally, with a large concentration of victims in China and South Korea. (en.wikipedia.org)
PlusToken began around April 2018 and promoted unusually high, purportedly “risk-free” returns to users who deposited cryptocurrency, while also using referral-style recruitment dynamics typical of Ponzi/MLM frauds. (en.wikipedia.org)
Scale and law-enforcement action (high-level)
Estimates for the value taken commonly fall in the multi‑billion USD range (often cited around $2–$3B based on 2019 valuations). (en.wikipedia.org)
Key reported enforcement milestones include:
- June 2019: arrests of individuals associated with the scheme in Vanuatu, followed by deportation for prosecution in China. (en.wikipedia.org)
- July 2020: China’s Ministry of Public Security announced additional arrests of suspects and key members. (en.wikipedia.org)
- November 2020: reported sentencing of ringleaders in Jiangsu to prison terms. (en.wikipedia.org)
Why you may see the phrase on blockchain explorers
On-chain analytics firms and blockchain explorers often tag known cluster addresses tied to major scams. Thus, “Plus Token Ponzi” is frequently used as a label for wallet addresses believed to be linked to PlusToken-related funds.
For example, Etherscan shows addresses tagged “Plus Token Ponzi 1” and related flows to “Plus Token Ponzi 2”, along with a warning banner about reported use in the PlusToken scam. (etherscan.io)
Some later news coverage also references the tagged wallet name “Plus Token Ponzi 2” when describing movements of dormant funds previously associated (by labeling/attribution) with the PlusToken case. (crypto.news)
Also, visitors looks to
Related Bitcoin addresses:
Total 5 addresses.