#Binance $NEIRO PlusToken Scam
The PlusToken scam was based on a classic pyramid scheme structure:
đ” Investor attraction: Via the PlusToken mobile application, investors were promised high returns of up to 10-30% per month, allegedly generated by âsmartâ crypto trading algorithms.
đ” Referral program: Investors could increase their profits by recruiting new participants, thereby accelerating the growth of the pyramid.
đ” Ponzi scheme: Returns for old investors were paid with the deposits of new investors.
đ” Collapse: In June 2019, the project collapsed and more than $2 billion was stolen.
#PlusToke