We have all noticed that Bitcoin has been falling like a rock recently and this downward trend will likely continue as the cryptocurrency remains under pressure due to scammers that have perpetrated the news crypto Ponzi scheme called PlusToken and who are now cashing out their profits – at least according to Chainalysis Inc. a New York based research center.
According to their analysis the Ponzi scheme has accumulated over 2 billion USD and has existed for about five months.
BTC has fallen with almost 50% from its annual peak since June this year, when Chinese police arrested dozens of people connected to the scam. They were apparently promising rewards as high as 600% and a reward to those who brought new people to be scammed.
Source
Between this scam and the perpetual rumours that the rally to $20,000 was caused by a Tether manipulation done through a single account Bitcoin seems less and less trustworthy to me.
According to their analysis the Ponzi scheme has accumulated over 2 billion USD and has existed for about five months.
BTC has fallen with almost 50% from its annual peak since June this year, when Chinese police arrested dozens of people connected to the scam. They were apparently promising rewards as high as 600% and a reward to those who brought new people to be scammed.
Source
Between this scam and the perpetual rumours that the rally to $20,000 was caused by a Tether manipulation done through a single account Bitcoin seems less and less trustworthy to me.
