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as per sir @loomdart ‘s request, this thread is abt the on-going sells off made by PLUS Token, the biggest Chinese PONZI which scammed ~70K $BTC + ~ 800K $ETH
I mentioned it briefly in my last Coindesk oped but worth additional attention as it may cause further sells
as per sir @loomdart ‘s request, this thread is abt the on-going sells off made by PLUS Token, the biggest Chinese PONZI which scammed ~70K $BTC + ~ 800K $ETH
I mentioned it briefly in my last Coindesk oped but worth additional attention as it may cause further sells
1. PlusToken started in mid 2018, was a pure ponzi with a wallet front with offers “high yield investment return”.
It has 4 layers of membership structure, each will get diff % of rebate. In early 2019, it claimed its membership has over 10M
And attached are its addresses
It has 4 layers of membership structure, each will get diff % of rebate. In early 2019, it claimed its membership has over 10M
And attached are its addresses
2. Above addresses are only the known ones, according to police report the total scammed amount is about $3B. The core team member were chased down by police 2 months ago and will be in jail for decades.
However, the cryptocurrency they scammed is not able to be crawled back
However, the cryptocurrency they scammed is not able to be crawled back
3. Many of their BTC addresses are started with P2SH which commonly used for mutil-sig, most likely some ppl who hold the keys are not being caught hence police can’t unlock the wallet
For EOS/ETH wallet can be diff case but so far police was not able to touch any of those
For EOS/ETH wallet can be diff case but so far police was not able to touch any of those
4. A security audit firm Peckshield has done a graph analysis of the money flow from PlusToken’s wallet in early July, and figured out abt total ~1000 has gone into Bitrrex and Huobi. So basically the sells off has started around early July
Just dig my old chats (was in their chat rooms) there are two others BTC addresses belong to PlusToken
74K $BTC 🤯🤯🤯1Dd5VTCkRtMG8bpuHZrjkLf1TeZ8cwZGDe
95K $BTC 🤯🤯🤯
14BWH6GmVoL5nTwbVxQJKJDtzv4y5EbTVm
74K $BTC 🤯🤯🤯1Dd5VTCkRtMG8bpuHZrjkLf1TeZ8cwZGDe
95K $BTC 🤯🤯🤯
14BWH6GmVoL5nTwbVxQJKJDtzv4y5EbTVm
GUYS, this is really fucking nuts.
And YES they are moving their funds into small batches into exchanges, like 50-100BTC per batch
I highly recommend @peckshield and @chainalysis @jony_levin take a deeper look and try to see whether they are moving more funds into exchanges
And YES they are moving their funds into small batches into exchanges, like 50-100BTC per batch
I highly recommend @peckshield and @chainalysis @jony_levin take a deeper look and try to see whether they are moving more funds into exchanges
I couldn’t find the chat but starting a few days ago, Chinese traders are saying someone has been dumping 100BTC non-stop on Binance, will post here once I find the chat detail.
Which i suspected related to PlusToken as well
Which i suspected related to PlusToken as well
