Chinese police arrest $ 1 billion worth of WoToken pyramid organizers

Chinese law enforcement officers arrested the organizers of the second largest cryptocurrency pyramid, WoToken, after PlusToken.This is with reference to local media reported the managing partner of Primitive Ventures Dovi Wang.

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According to court documents, the organizers of the Ponzi scheme raised $ 1 billion of user funds, including 46,000 BTC, more than 2 million ETH, 292,000 LTC, 56,000 BCH and 684,000 EOS.

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In total, 715,249 people took part in the multi-level scheme. According to Dovi Wang, one of the organizers of WoToken is a former key contributor to the $ 3 billion PlusToken pyramid case.

Earlier, OXT Research, a research company, said that there are still thousands of Bitcoin cryptocurrencies PlusToken in the mixing services.