The PlusToken Cryptocurrency Scheme: Architecture and Exposure

The PlusToken scam involved cryptocurrency mining, a relatively new investment model that few average people know about, much less understand.

Victims believed they had found a new way to make money. In reality, they were giving money to criminals and making money from the latest victims of the scheme.

How did the PlusToken scam work?

Imagine if a banker told you that you could invest a tiny amount of money and get a great deal in return. You'd likely scape together all the funds you have now, and you'd tell everyone you know to join you and make money too.

PlusToken, like most Ponzi schemes, relied on a gullible audience of people hoping to make quick money on something they didn't quite understand.

If you signed up for PlusToken, you would:

  • Invest. You pay a fee, and the scammers tell you they will use your money to develop cryptocurrency products, like bitcoin.

  • Transform. An app helps you convert your money into cryptocurrency, which you can then use to buy more PlusToken products.

  • Recruit. Entice your friends and fami