Chinese cryptocurrency scam ringleaders jailed in US$2.25 billion Ponzi scheme involving PlusToken platform

A Chinese court has sentenced ringleaders of a multinational cryptocurrency-based pyramid scheme to up to 11 years in prison after they defrauded investors out of 14.8 billion yuan (US$2.25 billion) worth of cryptocurrencies, according to court documents from the eastern province of Jiangsu.PlusToken, a platform set up by Chen Bo in early 2018, used decentralised ledger technology known as blockchain to attract millions of people who were required to pay their membership fee in cryptocurrencies…

Chinese cryptocurrency scam ringleaders jailed in US$2.25 billion Ponzi scheme involving PlusToken platform
South China Morning Post

Tue, 01 Dec 2020 19:15:11 +0800 Source:
Chinese cryptocurrency scam ringleaders jailed in US$2.25 billion Ponzi scheme involving PlusToken platform

South China Morning Post

53 news during 24h before Tue, 01 Dec 2020 19:15:11 +0800

Corpse-carrying female soldiers break taboos to help tackle Nepal's coronavirus crisis

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South China Morning Post

Four women wearing protective gear lift the body of a coronavirus victim at the ...
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Hong Kong blackmailer jailed for threatening to slay dog if owner did not pay HK$40,000 ransom

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South China Morning Post

A former Hong Kong grocer has been sentenced to 16 months in jail for ...
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‘I feel like a bird': extreme sports like wingsuit jumping are starting to take off in China

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Zhang Shupeng appears untroubled as he surveys the jagged mountains of a national park ...
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Fox News host Sean Hannity suggests Donald Trump should pardon himself and his family

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Fox News opinion host Sean Hannity called for US President Donald Trump to pardon ...
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National University of Singapore professor fired for sexual misconduct after sexting, harassment investigation

 National University of Singapore professor fired for sexual misconduct after sexting, harassment investigation
South China Morning Post

A member of academic staff at the National University of Singapore was dismissed on ...
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Hong Kong, Singapore put brakes on travel bubble until 2021, will reassess Covid-19 fourth wave situation in late December

 Hong Kong, Singapore put brakes on travel bubble until 2021, will reassess Covid-19 fourth wave situation in late December
South China Morning Post

Hong Kong and Singapore will postpone the launch of the world's first air travel ...
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In Vietnam, Facebook and Google fast becoming ‘human rights-free zones', says Amnesty International

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South China Morning Post

Facebook and Google are fast becoming “human rights-free zones” in Vietnam, Amnesty International warned ...
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China doubles down on criticising Australia over actions in Afghanistan, further inflaming relations

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South China Morning Post

China has doubled down on its criticism of Australia after refusing to remove a ...
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Bronze horse head, donated by late Stanley Ho, becomes first of zodiac collection returned to Beijing's Old Summer Palace after theft in 1860s

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South China Morning Post

Beijing on Tuesday welcomed home a 160-year-old bronze horse head statue to the Old ...
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Photo of US doctor Joseph Varon comforting elderly Covid-19 patient goes viral

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South China Morning Post

Joseph Varon, a doctor treating coronavirus patients at a Texas hospital, was working his ...
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Speculators zoom in on Shenzhen to flip new homes for quick profit, raising warning of ‘grey rhino' risks and regulators' ire

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South China Morning Post

Shenzhen, the crucible of China's economic reforms and the nation's technology hub, is seeing ...
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Coronavirus: Jakarta Governor Anies Baswedan infected; cases spike in Japan among US military

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South China Morning Post

Anies Baswedan, governor of Indonesia's capital Jakarta, has tested positive for Covid-19 and is ...
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Amid China curbs, India's beer boom offers Australia new market for its barley exports

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South China Morning Post

Australian barley growers could soon be raising a glass to India's swelling cohort of ...
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Hong Kong fourth wave: marine police launch Covid-19 crackdown on junk boat, private yacht parties, as city faces 84 new infections

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South China Morning Post

Hong Kong marine police are launching a Covid-19 crackdown on large parties aboard private ...
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Kamala Harris: biography, net worth, husband Douglas Emhoff and path to vice-presidency

 Kamala Harris: biography, net worth, husband Douglas Emhoff and path to vice-presidency
South China Morning Post

Kamala Harris made history with her election as Joe Biden's vice-president, becoming the first ...
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‘Married' at 13: Chinese child bride sent back to school after marrying 17-year-old boy, but families give union their blessing

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South China Morning Post

As honeymoons go, they do not get much briefer than this, but when the ...
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How China is pushing forward its plan for a powerful, modern military

 How China is pushing forward its plan for a powerful, modern military
South China Morning Post

As regional tensions rise, a more assertive China has set a goal of turning ...
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UK launches ‘Space Command', but what will it do?

 UK launches ‘Space Command', but what will it do?
South China Morning Post

The UK is stepping up its space ambitions for both military and commercial purposes, ...
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US-China relations: Two-day virtual conference features stellar speaker line-up

 US-China relations: Two-day virtual conference features stellar speaker line-up
South China Morning Post

Former diplomats, including Hong Kong elder statesman Tung Chee-hwa and other high-profile analysts, will ...
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Zappos ex-CEO Tony Hsieh's death ruled ‘accidental' as house fire investigated

 Zappos ex-CEO Tony Hsieh's death ruled ‘accidental' as house fire investigated
South China Morning Post

The death of retired Zappos.com CEO Tony Hsieh was ruled “accidental” and related to ...
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Hong Kong's largest pay TV operator i-Cable to lay off 40 newsroom staff

 Hong Kong's largest pay TV operator i-Cable to lay off 40 newsroom staff
South China Morning Post

Hong Kong's biggest pay TV operator is to lay off 40 newsroom staff with ...
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Coronavirus: Asia's grounded pilots spark airline safety fears over lack of flying practice

 Coronavirus: Asia's grounded pilots spark airline safety fears over lack of flying practice
South China Morning Post

On September 15, an Indonesian flight carrying 307 passengers and 11 crew to the ...
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China says it will spend US$15 billion over five years to fix ‘sick and dangerous' dams

 China says it will spend US$15 billion over five years to fix ‘sick and dangerous' dams
South China Morning Post

Beijing plans to spend 100 billion yuan (US$15.2 billion) over the next five years ...
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RCEP: What is it so special about the trade deal and how will it impact Asia-Pacific?

 RCEP: What is it so special about the trade deal and how will it impact Asia-Pacific?
South China Morning Post

Tap here to launch this special feature
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Hong Kong police sports club attacked with nine petrol bombs, triggering search for three suspects

 Hong Kong police sports club attacked with nine petrol bombs, triggering search for three suspects
South China Morning Post

A Hong Kong police sports club was attacked with nine suspected petrol bombs early ...
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China manufacturing sentiment hits highest level in nine years in November

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South China Morning Post

China's manufacturing activity extended its strong growth in November, according to data released on ...
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China gave Covid-19 vaccine to North Korea's Kim Jong-un, US analyst says

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South China Morning Post

China has provided North Korean leader Kim Jong-un and his family with an experimental ...
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Scott Atlas resigns as Donald Trump's coronavirus adviser

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South China Morning Post

One of President Donald Trump's favoured coronavirus advisers who sparked controversy over his comments ...
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In Thailand, Muslim lesbians tackle stereotypes by playing soccer

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South China Morning Post

Anticha Sangchai did not come out to her family until she was 30 and ...
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History shows the dangerous folly of Carrie Lam's unopposed governance

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South China Morning Post

In the midst of Hong Kong's worst crisis in living memory, what should leaders ...
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China pivots to state-corporate partnerships in drive for technology self-reliance

 China pivots to state-corporate partnerships in drive for technology self-reliance
South China Morning Post

As Beijing doubles down in its contest with the US for technological leadership, it ...
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Online to Orchard Road: why some Singapore e-retailers are opening physical shops amid the coronavirus pandemic

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South China Morning Post

Even in an atypical year for retailers, Jay's business has taken an unusual trajectory. ...
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China tightens export rules for sensitive tech, boosts power to retaliate against foreign sanctions

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South China Morning Post

China's broadly defined export control law came into effect on Tuesday, expanding Beijing's arsenal ...
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Joe Biden gets first look at Donald Trump's President's Daily Brief

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South China Morning Post

Joe Biden on Monday got his first look as president-elect at the President's Daily ...
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Deadline passes for US firms to cut Xinjiang Production and Construction Corps goods from supply chains

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South China Morning Post

The deadline has passed for American entities to comply with human rights sanctions and ...
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Kimchi clash: China, South Korea netizens in online showdown over origin of cabbage staple

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South China Morning Post

China's efforts to win an international certification for pao cai, a pickled vegetable dish ...
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Hong Kong's MPF has much to do to close gap between reality and pensioners' aspirations even as it tops HK$1 trillion in value

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South China Morning Post

Hong Kong's Mandatory Provident Fund (MPF) has a long way to go in meeting ...
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Coronavirus: US predicts ‘vaccines before Christmas' as pandemic super-surge looms

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South China Morning Post

Hopes for a first wave of vaccinations before the end of 2020 received a ...
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Chinese team test jet engine ‘able to reach anywhere on Earth within 2 hours'

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South China Morning Post

Chinese scientists have built what they claim is a revolutionary plane engine for Mach ...
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Is Joe Biden's budget pick Neera Tanden a ‘sacrifice to the confirmation gods'?

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South China Morning Post

Neera Tanden, US President-elect Joe Biden's pick to head the Office of Management and ...
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Canadian Mountie at centre of Meng Wanzhou extradition storm was elite officer in Hong Kong

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The Canadian Mountie cut an eye-catching figure, his red serge tunic standing out among ...
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How property-hungry Chinese millennials and shadow banking could fuel a financial crisis

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South China Morning Post

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Ex-French president Nicolas Sarkozy slams ‘six years of slander' at corruption trial

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South China Morning Post

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US and EU should join forces to check China's influence in Africa, Indo-Pacific, Republican senator proposes

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South China Morning Post

Cooperation between the United States and European Union is “all the more important” in ...
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France's Emmanuel Macron retreats over police protection law after clashes

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South China Morning Post

President Emmanuel Macron is backing away from plans to make it harder to film ...
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