Cryptopolitan
2019-08-15 17:30:59

Chinese ponzi scheme could be to blame for recent Bitcoin slump

Many analysts are predicting that the recent slump in the crypto market could be blamed on a $3 billion Chinese Ponzi scheme that has started to place BTC selling orders in the thousands. This theory first surfaced on August 14th when Dovey Wan, one of the partners of Primitive Ventures mentioned that a Chinese Ponzi scheme company called PlusToken has started a mass sell-off on multiple exchanges in order to somehow liquidate their assets. PlusToken was reported to be founded in 2018 and was promising amazing returns to anybody that invested with them, and at the time of writing this

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