December 19, 2019, 6:36AM EST
• 3 min read

Huobi's involvement in the PlusToken Ponzi scheme

Quick Take

  • PlusToken, the Chinese multi-billion dollar Ponzi scheme, went largely unnoticed in the West until August
  • While the three reports on what happened disagree on some aspects, they all agree about one thing — Huobi’s involvement
  • Even though it’s not clear whether the PlusToken dump contributed to Bitcoin’s price decline, it’s undeniable that scammers sent the majority of the funds to Huobi

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