Three crypto scams operate on a large scale

The companies OneCoin, Airbit Club and PlusToken have been identified by regulatory agencies and face legal proceedings being accused of large-scale crypto scam. The objective of the court is to make visible how these companies profit by taking advantage of the ignorance of many people, offering dubious offers commercials that go against the functioning of the market.

In OneCoin’s case, his business proposal was tied to trading crypto under a private blockchain network, allowing investors to buy quality bitcoin. However, the plot was done through a website that looked like a real exchange for digital currencies, through which unreal trading volumes and fictitious exchange rates were presented to deceive investors.

For its part, PlusToken offered a service to store cryptocurrencies as well as an investment program that offered high monthly returns for the funds in custody, attracting an estimated 3 million investors, mainly from China and South Korea. After capitalizing around US $ 3 billion in user funds, they began to experience obstacles to carry out the withdrawal of their assets.

Regarding Airbit Club, the company offered its users the possibility of acquiring bitcoin by opening an investment market in which a high profitability was guaranteed based on buying and selling operations.

For this, the company asked investors for a membership of US $ 250 and supposed benefits in addition to the investment in bitcoin. Currently the company is classified as a scam for the breach of commercial promises, the little information it offers about its plans and the high margin of commissions to extract the alleged capital earned.

K.Villarroel

Source: Diariobitcoin