Chinese police arrested WoToken pyramid organizers

by in Cryptocurrency News

WoToken pyramid

Chinese law enforcers arrested the organizers of the second largest crypto pyramid WoToken. This is with reference to local media reported the managing partner of Primitive Ventures Dowey Wan.

According to court documents, the organizers of the Ponzi scheme raised $1 billion of user funds, including 46,000 BTC, more than 2 million ETH, and other assets.

In total, 715,249 people took part in the multi-level scheme. According to Dowey Wan, one of the organizers of the pyramid is a former key contributor to the $3 billion PlusToken case.

Related: Chinese police detain PlusToken pyramid stolen $3 billion

Earlier, OXT Research said that in the mixing services there are still 1000s of Bitcoins of the PlusToken.