Plustoken 40 billion money disk victim: from 1.5 million a month, to unwilling to believe

The headline on the front page of the Boston Post that morning, July 24, 1920, in bold black, read, "Double your money in three months!"

Just after the first world war, economic disarray, this slogan to Boston citizens thrilled, hundreds of people standing outside the securities trading company in Boston, excitedly discussing the possible message to let them get rich, dream I can pass it says that earn post-war serious depreciation of the currency spreads, double principal in 3 months.

Nor did The Italian speculator Ponzi, who coined the term "financial speculation" 100 years ago, think of the viral life of the ponzi scheme, no matter how technology evolves. All Ponzi schemes have a common home. Ponzi was arrested by Boston police after enjoying a 20-room villa and diamond-encrusted pipe with the life savings of 40,000 investors.

After one hundred years, the Plustoken, which is considered to be the largest capital offer in the history of cryptocurrency, was finally destroyed, covering more than 2 million people, more than 3000 layers of hierarchical relationship, and involving more than 40 billion yuan.

July 30, the Ministry of Public Security official said that its investigation of the "Plustoken platform" network MLM case, finally fled abroad all 27 main suspects and 82 backbone members arrested. From June 27, 2019 can not begin to withdraw cash, the participants of this capital offer has been waiting. They have accepted the collapse of the $40 billion fund, hoping that the settlement will lead to a good outcome. They have set the tone for the outcome by pinning their best hopes on the money.

Back Plustoken's rise and fall, it all came from that bear market.

"1.5 million a month at that time"

Li Zu, a miner from northeast China who describes his team as one of the best in the company, said his mining organization "has franchisers in many cities," and that he caught the bull market in 2017 by reselling mining machines, which earned him the first bucket of gold in the coin ring. But he was greeted by a long bear market.

Bitcoin fell from an all-time high of $19,000 to less than $4,000, a tough year for anyone in the industry, including mining companies that are closely tied to the price of bitcoin. It took only half a year for li Zu's company to lose 30 million yuan from the revenue of 10 million yuan. "If it weren't for the money, the company would have gone into liquidation."

In a bear market, everyone is boiling, everyone is looking for high yield projects, this is the best soil for germinating capital dish.

In August 2018, when he was under great financial pressure, he saw the Plustoken project in a group of miners. At that time, this project claimed to be the world's second largest digital currency wallet after imToken, and it designed two income methods, which were divided into static and dynamic, so as to let the participants have imagination space for high-multiple income. In a bear market, to find a profitable project, always attract a lot of people's attention. Li Zu began to try.

Static income is the "smart dog" intelligent brick moving mode, enjoying 10% fixed income every month, which means that investors deposit 1 million yuan, compound interest can earn 7 million yuan a year. Dynamic revenue is generated through invitation-registration, and the promotion structure of commission rebates given in official propaganda has 10 tiers -- far higher than the level 3 or above designated as pyramid selling.

At the beginning, Li Zu only dared to transfer a small amount of money into Plustoken, after seeing the return of interest every day, and tried to withdraw money at any time, he began to slowly increase the scale of saving money. This is the journey of all participants, from caution, fear of fraud, to scale up, to pull in friends and family. From a few ETH's to dozens, to hundreds. Of the two Plustoken accounts he showed us, there were roughly over 10 BTCS and hundreds of ETH. At present, the total value is more than 6 million yuan.

At the same time, Li zu began to persuade his friends to come in, which was easier as an old miner.

"The miners already have money, and it's easy to convince them that there's a place to keep it and pay interest." In addition to miners friends, Li Lang also promoted Plustoken to the outside world through various ways, such as he broadcast his investment experience and experience on short video platform, the fans once broke ten thousand, but because the platform identified to promote another MLM BHB, was finally officially banned.

As the money in Plustoken account saved more and more, according to the currency value at that time, Li Zu every day 3 accounts dividends will have 50,000 yuan, if put a month, only dividends will have 1.5 million income, such a high yield, no one can refuse, Li Zu more and more do not care about mining, he began to focus on Plustoken.

By him to join the miner partner, also do not want to worry about mining every day, a dozens of mining company, has no intention to work, almost all people's energy turned to Plustoken, through the formation of a variety of communities to pull the new, and formed a pattern: "as long as the new people into the group, will send red envelopes to celebrate.

"The point is to create an atmosphere where everyone is making money. We don't force new people to download and register, but if you want to make money, register and make money." Nearly a year after May 2018, Plustoken has developed rapidly, among which there is no lack of external Plustoken all kinds of risk hints, the rising token price and the example of making money into the best reason to persuade more rookies into the game, the people on the field think that they will not be the last one to leave. And when Plustoken came to pay difficult news, Li Zu did not realize the seriousness of the matter, until the end of June, all people have to believe, "Plustoken has run away".

"I can only trust them not to run away."

"I've got half a million dollars in it, and you tell me what else can I do but believe it won't run away!?" Wang Qiang is in Plustoken crash 10 days before the start to come in, before admission, he has seen a lot of negative news about Plustoken on the Internet, but he think the previous year exists Plustoken has had as long as a year of safety, so many people participate, and safety for a period of time is certainly no problem. Until the Internet spread out Plustoken news, until the financial network and other mainstream media have reported, he did not start to try to withdraw money, but this time the APP, has shown "in the review". However, he felt a little relieved to see a screenshot of the successful withdrawal from the community.

The next few days, Wang Qiang also sent a new circle of friends about Plustoken. "Can pull on a is a, perhaps after a few days really resume withdraw cash."

As early as last February, Plustoken was suspected of pyramid selling scam changsha hunan police investigated and punished a nest.

There was a lot of press coverage and it caused panic in the Plustoken community. At that time, the community response was very fast, Plustoken large players spontaneously formed the water army, attacked almost all rights group. They whitewash their Plustoken in the groups, and they gag every time someone asks about the project model. "Those who believed that Plustoken were MLM men, soon stopped talking."

This is a spiral of silence. In order to avoid being isolated, people tend to choose silence when they think they belong to the inferior opinions of the group. The silence of one side increases the power of the other's opinions, and so on and so forth, forming a spiral in which one side's voice becomes more and more powerful and the other becomes more and more silent.

In such cases, investors are left to comfort themselves. "Plustoken won't run, there's no safe thing to earn, there's a risk to invest," Wang Qiang gave himself a heart. As he had invested 500,000 yuan, the huge sunk cost forced him to continue to believe in the project, unable to believe the fact of the collapse. When the news broke that six suspected Plustoken Chinese had been arrested overseas, he even took the initiative to clarify that it was fake in the community. And this time, when Plustoken couldn't pull out, the media reported again, and the community panicked again, no water army of any size could stop Plustoken from crashing. Spiral reversed, the water army began to silence, believe that the crash of the people's momentum is more and more mighty, but no matter how big the momentum has no help.

Coin ring invisible "bomb"

Although Plustoken thunder, the negative effects of the project didn't dissipate for the next year.

According to the Ministry of Public Security, Plustoken has involved more than 2 million people, and the total value of digital currency involved is more than 40 billion yuan. Before the Numbers were announced, security companies had counted more than 200,000 bitcoins flowing to the Plustoken address, and millions more to Ethereum.

Such as Li Zu did not leave the game, became Plustoken behind the team to buy luxury villas, apartments and luxury cars all over the source of funds. Because cryptocurrency accounts can't be frozen, Plustoken's assets have been broken up, cleaned up, and moved around all the time, even when it's been thunderous. Because of its size, the asset is a "stealth bomb" hidden in the encryption market.

No one knows when so much bitcoin and ether will be dumped on the market. Last December, analysts blamed Plustoken, a member of the team, for dumping more than $100 million worth of Ether because of the fall in Bitcoin and the record-low level of Eitfang. Until This June, Plustoken's involved assets are still being broken up and transferred.

From the current information, even if Plustoken have been arrested by the Ministry of Public Security, but because of the particularity of cryptocurrency itself, the possibility of recovering all assets is very small, those players whose assets are damaged can only be admitted. They may have piled up all their wealth in a game of cash, even using their credit CARDS to cash out and borrow against their homes, and in desperate need of the next game after it collapses. A Ponzi scheme, never to be heard. In reality, as long as there is an unfair distribution of wealth, there will always be breeding soil. Even if Plustoken fell, there's more money on the way.

Plustoken is only the temporary largest money circle disk, after there will be 400 billion, 4 trillion scale games appear. Those citizens outside the Securities firm of Boston who would have seen these would-be turnabouts would have found them exactly as excited as they were. "I'm going to dig for Filecoin now." This is li Zu's last words to rhythmically BlockBeats. Rhythmical BlockBeats remind investors to be vigilant about capital dish.

At the request of the interviewees, the names in this article are all pseudonyms.

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