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.
Related: Chinese police detain PlusToken pyramid stolen $3 billion
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.
Earlier, OXT Research said that in the mixing services there are still 1000s of Bitcoins of the PlusToken.