PlusToken fraud scheme has laundered over $1.3 billion in Bitcoin
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Answer PlusToken fraud scheme has laundered over $1.3 billion in Bitcoin
According to a new report and research from OXT The PlusToken project has been able to launder more than $1.3 billion in Bitcoin over the past seven months.
According to the same report, the massive influx of Bitcoin has affected the growth of the Bitcoin price and the crypto market in general.
But PlusToken’s influence appears to have weakened after pyramid scheme regulators sold around 70% of their cryptocurrency.
OXT experts highlighted that PlusToken still owns a minimum of 37,725 BTC.
Of this huge amount, 33,872 have been transferred through mixing services, while the 3,853 bitcoins are still left.
The above-mentioned study says that most of the bitcoins were laundered through popular crypto exchanges like OKEx and Huobi despite strict KYC measures.
Read:Withdrawals suspended on OKEx due to Chinese police investigation
PlusToken was launched in 2018 and the scheme is considered the largest crypto scam in China, with the organizers of the scam scheme stealing more than $3 billion.
Read:Cathy Wood: Ethereum is undervalued compared to Bitcoin
Read also:
PlusToken Scam Project Moves $118 Million… How Much It Affects Bitcoin Price
What are the details of the fraudulent Ponzi scheme known as the PlusToken project?
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