Cryptocurrency Scams Took in More Than $4 Billion in 2019

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Cryptocurrency Scams Took in More Than $4 Billion in 2019
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Ponzi schemes are the most popular form of fraud in cryptocurrencies, reaching into the mainstream for victims and getting away with bigger hauls

Ponzi schemes are the latest form of bitcoin fraud, with big platforms like one called PlusToken drawing the most money Seo Jin-ho, in his office in Yeosu, South Korea, says he invested about $86,258 in PlusToken.

In June 2019, Chinese authorities concluded PlusToken was a scam..
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