Numbers like this expose the need for education and, unavoidably, regulation. From what I hear, many mainstream companies working with crypto and blockchain aren't publicly talking about it for fear of being associated with what the general public assumes is scam tech. Sad https://t.co/hh09iMOIPD
Man all theses stories all start the same. It's like the victims are like ''hey I'll tell you my story about how I lost 86k in PlusToken, but I ain't a dummy, start the article by saying I'm fundamentally a skeptic''.
I guess it makes sense. These scams operate largely online and there's no real need to have a nexus with any specific country. It's not like a traditional Ponzi scheme that requires a lot of person-to-person interaction or a stock market swindle that requires a bucket shop.
Plustoken was more than that. They had mlm style meetups, conferences, concerts, events, their own celebrities. It was huge next big thing in Asia and basically unnoticed outside. Out there, there are scams that take your cryptocurrency but still use traditional recruiting and marketing mechanisms because those are very effective against uninitiated laymen. This is why Onecoin was so loaded as well. They targeted complete laymen with something that wasn't even a real cryptocurrency. They were too lazy to even roll their own crypto scam, it was just a scam with crypto as a marketing pitch. And their victims didn't even know better.
Sitting in Australia - it's in the clear for me (WSJ set to remove cookies on exit in Chrome). Have uBlock Origin on.
Just tried link in Incognito and hit paywall - so blocking 3rd party cookies and uBlock O seem to do it
Oh and fuck creepto