New Chinese Crypto Ponzi Scheme Gains Over $11 Million In Less Than a Month

Hey ninja’s, how’s the trading going? Bitcoin has once again crossed over $7K, at press time BTC is trading at $7,106 and is reporting over 35% gains in the last 24 hours. The coin market appears to be following Bitcoins uptrend as most of the top cryptocurrencies report moderate gains in the last 24 hours. At press time ether is trading at $181 and is up 5.675 on the day. The total market capitalization of all cryptocurrencies is $203.1 billion, about 5.125 higher than a week ago.

 A new crypto Ponzi scheme based in china has reportedly acquired up to $11 million worth of Bitcoin (BTC) in just three (3) weeks after its launch. The Ponzi scheme known as Antimatter Kingdom (AK) began its operations at the start of April and described its business structure as a super mining operation on the CXC chain. Upon its launch, its press release boasted that the Antimatter Kingdom would reduce its supply by 18% every 90 days and urged investors to immediately take advantage of this opportunity. 

Though the Antimatter Kingdom reportedly claims to have absorbed over 180,000 BTC, a crypto wallet associated with AK was discovered by Blockchain analysis Ergo showing that the scheme has received 1,607 Bitcoin. 

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