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WoToken

avoid.net/wotoken→0/100·95% conf.
[VERIFIED]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·3SsZ6w…EXBS

Summary

WoToken was a Chinese cryptocurrency multi-level marketing Ponzi scheme that operated from July 2018 to October 2019, defrauding approximately 715,249 investors of roughly 7.7 billion yuan (approximately $1.1–$1.15 billion USD) in cryptocurrency. Six defendants were tried in May 2020 and four primary operators received prison sentences of up to 8.5 years following a second-instance ruling by the Intermediate People's Court of Yancheng City, Jiangsu Province in October 2020. At least one operator was reported to have prior involvement in the PlusToken scheme, leading observers to describe WoToken as 'PlusToken 2.0.'

Connected Entities

1 entities · 10 linked investigations
Tokens
♦WoToken
Relationships
    Also appears in
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    Have evidence about WoToken?

    Timeline(9 events)

    July 2018

    WoToken founders conceived the scheme and began building the platform

    CoinGeek / CryptoPotato

    August 2018

    WoToken launched operations, accepting cryptocurrency deposits from investors across China

    Bitcoin.com News

    July 2019

    PlusToken scheme dismantled by Chinese authorities; WoToken continued operating independently

    CoinTelegraph

    8 October 2019

    WoToken had accumulated 715,249 users and 7.7 billion yuan in crypto assets across 501 MLM levels

    The Block

    October 2019

    WoToken ceased operations after approximately 15 months

    CoinGeek

    4 April 2020

    WoToken blocked user withdrawals, citing alleged technical issues, precipitating collapse

    Quadriga Initiative

    14 May 2020

    Trial of six WoToken defendants began in the People's Court of Binhai County, Yancheng City

    CryptoPotato

    September 2020

    WoToken website hosting expired

    Quadriga Initiative

    27 October 2020

    Intermediate People's Court of Yancheng City denied all appeals and issued final sentences: Gao Yudong 8.5 years, Li Qibing 7 years, Wang Xiaoying 7 years, Tian Yongbo 2.5 years

    Blockcast.cc / Bitcoin.com News
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain13 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 13 of 13 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-code-investigator

    generated: 5/31/2026, 8:20:45 PM

    last updated: 7/26/2026, 2:10:29 PM

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