Editor's Note: This article comes fromDeepChain (ID: deepchain-eva), Author: Bu Er Do, reprinted by Odaily with authorization.
Editor's Note: This article comes from
DeepChain (ID: deepchain-eva)
DeepChain (ID: deepchain-eva)
, Author: Bu Er Do, reprinted by Odaily with authorization.
Starting at 6:30 pm today, in just half an hour, Bitcoin fell from $7,211 to $5,555.
The entire market panicked.
According to the contract market statistics, in the past 1 hour, the entire network of the contract market has a total of 1.532 billion US dollars of liquidation, including 1.151 billion US dollars of Bitcoin liquidation, 169 million USD of Ethereum liquidation, and 62.51 million USD of BCH liquidation.
Some people believe that this decline, together with the previous several declines, is due to the impact of the global epidemic and the economic crisis, but some people say that the reason for the decline of Bitcoin is the same as the previous runaway "the first fund market in the currency circle". "PlusToken shipments are not unrelated.
On March 6, some media reported that the funds on the addresses starting with 15Z1sT and 1CkuKa of the PlusToken runaway funds changed again, and 13,112 bitcoins were divided into several addresses in small amounts, and had been dispersed to dozens of addresses.
As early as December 2019, PlusToken transferred funds to an unknown wallet. The transaction was valued at $105 million at the time and involved a total of 790,000 Ethereum. Since then, the total cryptocurrency market capitalization has plummeted by $12 billion.
But at the same time, James Hapak, a digital asset manager and over-the-counter trader from Toronto, believes that the current decline in the cryptocurrency market may have nothing to do with PlusToken.
On June 30, 2019, the fund project PlusToken officially ran away.
After taking away 20 billion yuan worth of encrypted currency assets, the person in charge left a sentence, "Sorry, we ran away."
As a result, the 3 million rights defenders who suffered from PlusToken's escape began a long road to rights protection.
Half a year has passed in a blink of an eye, facing the reality of PlusToken asset transfer and split and Bitcoin plummeting, I don’t know how investors will feel.
secondary title
"I'm starting to miss my bitcoins"
"Watching bitcoin plummet, I started to miss my bitcoins." PlusToken victim Xiao Yang (pseudonym) told DeepChain, "I used to own them."
"I still can't forget that day." At that time, Xiaoyang had just got off the plane to Yunnan when the "bad news" came.
According to Xiaoyang, he deposited his 10 bitcoins into the PlusToken wallet in March 2019, and started the smart dog moving brick mode. After that, Xiaoyang watched Bitcoin gradually rise, from more than $3,000 in March to more than $8,000 in June.
"Watching bitcoin go up every day, the static income of moving bricks by myself has also increased." Xiaoyang told deepChain, "At that time, I felt that wealth and freedom were in front of me, so I bought a ticket to Yunnan on June 30, planning to Travel."
A PlusToken player told DeepChain that when its static income is the highest, the daily dividend can be as high as 50,000.
"I didn't expect to receive a call from my friend as soon as I got off the plane, and PlusToken ran away."
Knowing that PlusToken was running away, Xiaoyang immediately opened the wallet to withdraw coins, but no matter how many times he tried, the status displayed in the wallet was always under review.
"Afterwards, I immediately bought a ticket back to Beijing. The original travel plan was also terminated." After that, Xiaoyang kept trying, but the results were the same without exception.
"Now, seeing that PlusToken's bitcoin accounts are being split and dispersed, my heart hurts."
Xiaoyang believes that there are 10 bitcoins belonging to him among the split bitcoins.
"If the bitcoin is still in my hands, even if it is zero, I will admit it, but now I am not reconciled." Xiaoyang finally said to DeepChain.
"This is also the reason why I established the PlusToken rights protection group." Xiao Zhang (pseudonym), the leader of a rights protection group, told DeepChain, "Too many people have suffered from it."
According to Xiao Zhang, when PlusToken ran away, he established this rights protection group.
"To my surprise, a lot of people joined the group just after it was established." Xiao Zhang told DeepChain, "Up to now, there are already 968 people."
"I have made a statistics, although not comprehensive, but it has a certain reference value. In my group, the amount cheated should be around 50 million." Xiao Zhang communicated with the group members and found that most of the people who came in to defend their rights They all lost more than 50,000 RMB in the PlusToken incident.
However, despite the huge amount and the large number of people, and most of them went to the police station to call the police, the rights protection action has been slow to progress.
Xiao Zhang said that in the early days, the group members who joined the group were almost all victims of PlusToken, but later on, those who joined the group became advertisers and pullers.
In desperation, Xiao Zhang set the group as a paid group.
Now, in Xiao Zhang's rights protection group, there are still people discussing the matter of calling the police and defending rights.
In this group, some users said, why are you still discussing (PlusToken)? Everyone lives in high-rise buildings.
Some group members jokingly said, "Accept PlusToken refugees, limited to girls aged 20 to 30, and provide board and lodging. There is no love in the trading circle, but there is love in the currency circle."
It is worth noting that in the early days of PlusToken, there were still many users who spoke for PlusToken.
"But now there are almost none."
secondary title
The Rise and Collapse of the "No. 1 Capital Market in the Currency Circle"
PlusToken was launched in May 2018.
In the promotional materials, PlusToken officially stated that it is the second largest digital currency wallet in the world after ImToken, and it is claimed to be developed by the Google team and the Korean Samsung team, and Google and Samsung account for 17% of the shares.
According to reports, the operating model of PlusToken mainly relies on the community, and the community is often set up by members with higher levels. On average, each community is composed of several WeChat groups with about 500 people.
On a community basis, PlusToken issued 500 million "Plus" tokens. However, what is paradoxical is that the total amount of 500 million PlusToken is only distributed on more than 500 currency-holding addresses.
The top ten Plus currency holding addresses own 99.98% of the Plus tokens, and the first place owns 300 million Plus tokens.
500 million Plus, calculated at the current price, each close to 100 yuan, the total market value of PlusToken is close to 50 billion yuan, this number makes it the "first fund in the currency circle".
If users want to obtain Plus coins, they need to recharge Plus coins worth 3,500 yuan through the PsEx exchange or transfer the money to the PlusToken wallet, in order to activate the brick-moving robot "smart dog" to move bricks for them.
Users get a static income of 0.5% to 2%.
Smart Dogs are divided into four levels: big family, big coffee, great god and creation. When the development offline meets certain conditions, the personnel of these four levels can get 5% to 15% unlimited generation "moving bricks" commission .
For offline development, all PlusToken users also enjoy 50% of the transaction fee for their own offline development.
"Actually, after seeing PlusToken's hierarchical and offline content, players who are more vigilant should be able to smell the smell of funds and pyramid schemes." Xiao Zhao, who is familiar with PlusToken, told DeepChain.
Previously, Xiao Zhao had been exposed to PlusToken under the introduction of a friend, but in the end he did not choose to enter.
"Fortunately, I was not cut. But my friends around me were cut a lot."
The reason for the popularity of PlusToken is not only the continuous publicity in its own community, but also the publicity in its community by purchasing advertising space on the homepage of Baidu.
Users who search for PlusToken can directly enter the page by entering the relevant words of "PlusToken", and can add community staff WeChat through the page information, and then invest in PlusToken.
"Many people have been deceived by the advertisement, thinking that it is a very powerful cryptocurrency product." Xiao Zhao said.
In Xiao Zhao's view, the PlusToken project uses "high-yield" and "artificial intelligence" and other seemingly high-level and attractive concepts to ensure a steady stream of project benefits through online community operations and offline recruiting. People participate, creating a perfect Ponzi scheme for users.
"As for the Ponzi scheme, there will always be a day when something goes wrong."
On July 1, 2019, according to the official Weibo news of "Feng Blockchain", Vanuatu's police force arrested six Chinese nationals for illegal Internet fraud on Thursday night local time. These six people are suspected to be the founding team of PlusToken.
In fact, this is not the first time that the PlusToken team has been arrested.
As early as March 8 last year, according to Hunan Daily, Tianxin District of Changsha City shut down an illegal fund-raising den under the banner of "Blockchain" to promote virtual currency, and carried out publicity activities with the gimmick "PlusToken Blockchain Wallet" , It is suspected that this method is used to lure the masses to invest. It is also recommended that the general public remain vigilant against such illegal financial propaganda activities.
In addition, bigwigs and organizations in the currency circle have disregarded their relationship with PlusToken. Dr. Xu Gang, who is an investor in the promotion of PlusToken, once posted a Moments statement stating that he has nothing to do with Plustoken.
Later, WBF also issued an article stating that it has no relationship with PlusToken other than accepting sponsorship, and takes a neutral attitude.
Fubit Sun, who is called a loyal member by Plustoken, also sent a Moments to refute the rumors, and asked the project party not to use the Fubit brand for any commercial promotion.
Previously, it was rumored on the Internet that PlusToken had a relationship with WBF's partner "Three O'clock", but an insider close to "Three O'clock" said: "PlusToken has nothing to do with Three O'clock and its person in charge."
secondary title
Is the plunge of Bitcoin related to the shipment of PlusToken?
On December 16, 2019, the data analysis company Chainalysis released a PlusToken scam asset analysis report stating that as many as 20,000 Bitcoins and 790,000 Ethereums may still be controlled by PlusToken scammers.
In this regard, Jiang Zhuoer posted on Weibo that the 20,000 bitcoins of PlusToken seem to be a lot, but in fact it is only the output of new coins for 11 days (a constant output of 1,800 coins per day).
The subtext means that the shipment of PlusToken has little impact on the entire cryptocurrency market.
Coincidentally, the blockchain security agencies Beijing Lianan and PeckShield have also stated that there is currently no sign that the decline in Bitcoin is related to PlusToken.
And this point of view was agreed by Xiao Zhang. In Xiao Zhang’s opinion, the volume of PlusToken has limited influence compared with the currency circle with a market value of trillions. Even if it is shipped, it will have little impact on the recent market.
Beijing Lianan also said in an interview with the media that the rhythm of PlusToken money laundering is continuous, not a huge short-term process.
Therefore, the current market panic may be affected by the psychological panic from cryptocurrency users.
"Users are panicking, this sentence is correct, but this user is not limited to cryptocurrency users, but the panic of global financial participants in the face of the epidemic and economic crisis."
Zhang Hongbin, the founder of Lighting Capital, believes that the several bitcoin drops, including today, are largely due to the deflationary atmosphere caused by the epidemic and the global economic crisis.
Many people want to withdraw their assets to seek advantages and avoid disadvantages. Not only the currency circle, but also the stock market has fallen to varying degrees.
And the cryptocurrency of PlusToken is not so important to the whole market.
However, TradingView analyst Jacob Canfield believes that the scammers of PlusToken have acquired the ability to manipulate the market by using the funds they may have accumulated in their hands.
Some blockchain practitioners also said that the Bitcoin in the PlusToken incident gradually entered major exchanges, which may depress the market price of Bitcoin.
In its view, in August 2018, the two shipments of PlusToken caused Bitcoin to fall by 12.62% and 12.35% respectively.
Additionally, back in November 2019, cryptocurrency analyst Ergo stated that Bitcoin’s drop to $6,600 was due to the massive liquidation of the PlusToken scam."pause"。
On March 12, according to Cointelegraph, the market effect of most PlusToken has basically disappeared.
Some research institutions have stated that the PlusToken scam uses regulated exchanges to transfer Bitcoin profits, rather than selling them through over-the-counter transactions.
