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Chinese Cosmic Cryptocurrency Ponzi Absorbs $11 Million in Three Weeks

Antimatter Kingdom (AK), a brand new Chinese language crypto Ponzi scheme, seems to have netted $11 million value of Bitcoin (BTC) in lower than one month of working.

Upon launching initially of April, AntiMatter Kingdom described itself as “a brilliant mining software group” working on the CXC chain. 

The press launch boasts that AK reduces its provide by 18% each 90 days, urging buyers to capitalize on the “big alternative.”

CXC claims to comprise a “revolutionary blockchain enterprise construction” permitting it to “compete with the merciless cosmic entropy regulation and make the event of business civilization lasting and orderly.” 

Traders are supposedly allowed to faucet into AK’s cosmic capabilities by quite a lot of cloud mining schemes in trade for BTC — promising exponential returns within the type of “constantly transmit[ting] the expansion drive for the supply ecology.”

AK garners eight-figures in three weeks

Whereas AK claims to have absorbed 180,000 Bitcoins, it seems that the scheme has netted nearer to $11 million in BTC — with a pockets that blockchain evaluation Ergo has associated with the scheme having acquired 1,607 Bitcoins as of this writing.

The scheme follows the large PlusToken rip-off, which absorbed $1.four billion in Bitcoin throughout 2019.

PlusToken reached heights unprecedented by a crypto rip-off, sponging 200,000 or roughly 1% of Bitcoin’s complete provide.

As a consequence of its success, blockchain forensics agency Chainalysis believes that makes an attempt from PlusToken’s operators to liquidate their stash impacts the worth of Bitcoin.

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