PlusToken Scam Project Moves $117 Million in Bitcoin (BTC)
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Answer PlusToken Scam Project Moves $117 Million in Bitcoin (BTC)
The “PlusToken” scam project is one of the fraudulent projects that have largely succeeded in stealing users’ money, despite the arrest of some gang members, but the coins they seized are still moving and moving.
Over 12,000 bitcoins, which are currently worth over $117 million, linked to the “PlusToken” fraud scheme have just moved to two new blockchain addresses.
Addresses that have been transferred to can be viewed from over here And the over here
Spread Qiashi Wu, vice president of research at the Chinese security firm blockchain PeckShield, today posted that the first address contains more than 11,999 bitcoins and the second address contains 424 bitcoins.
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Wu said the new titles sounded like “cold wallets.”
This means that the private keys are kept on a device that is not connected to the Internet.
The PlusToken fraud scheme is suspected of being one of the largest cryptocurrency scams to date, swindling nearly $2.9 billion in user funds, according to estimates by a blockchain analytics firm.
PlusToken claimed to have around 4 million users.
Chinese police officials confirmed to source Last August, six suspects affiliated with PlusToken were arrested, although the main operators of the scheme are still on the run.
one Results Notable in the PlusToken research conducted by blockchain analytics firms such as Elementus and Chainalysis is the Huobi crypto exchange and its relationship to the scheme. For example, Elementus found that nearly 50% of all withdrawals from PlusToken were sent to Huobi, indicating a strong bias towards the Chinese platform.
On the other hand, Chainalysis found that nearly all of the funds were transferred to over-the-counter (OTC) merchant addresses to evade KYC requirements.
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