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$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China

$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China | News Bitcoin News

A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four convicts involved in the billion-dollar Ponzi scheme Wotoken on Tuesday, several local media reported.






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