CONFISTED CRYPTOVOLUTE FOR $ 4.2 billion replenish the Chinese treasury


The People’s Court of China decided to postpone the cryptocurrency confiscated by the police from the financial pyramid Plustoken.

According to the protocol, the seven convicted fraudsters totally seized 194,775 Bitcoins, 833,083 ether, 1.4 million Lightcoins, 27.6 million EOS, 74 167 Dash, 487 million XRP, 6 million DOGE, 79 581 Bitcoin Cash and 213 724 USDT . The estimated value of these assets currently exceeds $ 4.2 billion.

The court ruled that all confiscated digital assets should be sold in accordance with the legislation, and the resulting profit will replenish the state treasury.

The Chinese authorities managed to withdraw less than half of the stolen funds. According to a criminal case, more than in the year of existence, the cryptocurrency pyramid Plustoken deceived more than 2 million people about $ 11 billion at today’s course. Part of the digital assets fraudsters have already managed to exchange to Fiat and spend. Studies show that more than half of the criminal bitcoins are laundered on two leading cryptochegias Binance and Huobi.

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