The Chinese financial pyramid, PlusToken, has just transferred its bitcoins. The scammers who robbed investors of billions of dollars worth of money have moved another tranche of capital. This time it’s $117 million in BTC, which is in the new portfolio. Is that a big announcement?
The threat of a sale
A year ago, Chainalysis, a blockchain analysis company, tracked 45,000 BTC and 800,000 ETH, which were transferred from PlusToken’s portfolio to individual portfolios. Then the fraudsters were ready to sell 20,000 bitcoins. This event met with investor concern about the price.
This time, $117 million set off on the journey, which was once again transferred. The target address is 19bMszbozeHyjANgSyM9iyjsZU1sKsR6uM. This message was officially confirmed by Larry Cermak:
$117 million of BTC associated with PlusToken Ponzi scheme has just moved to this addresshttps://t.co/Hmom3hDoF7
— Larry Cermak (@lawmaster) February 11, 2020
This could be another attempt to liquidate the funds. Many people also hope that such actions will make it possible to identify the identities of the anonymous creators of the financial pyramid.
Moreover, it is estimated that the total value of funds stolen by PlusToken is at least 2 billion dollars. In total, the fraudsters took 180,000 BTC, 6,400,000 ETH and 110,000 USDT.
Plus Token is the biggest crypto scam in history. The investigation of this case and the willingness to bring those responsible to justice is special here. The community’s grassroots involvement and willingness to resolve this case is also impressive.
Last year, for example, a list of suspicious cryptocurrencies wallets that may belong to the owners of the enterprise was presented. Nevertheless, after the lapse of time, we still do not have information that could bring the community closer to identifying the persons sought.
What’s even more interesting, PlusToken is considered to be one of the largest ETH holdings. On its portfolio, the pyramid has accumulated funds so large that it could compete with the portfolios of such exchanges as Binance, Huobi and Bittrex.
Many people are still waiting for this puzzle to be solved. The comforting thing is that it is not easy to liquidate such a large sum of money in cryptos and it may be too difficult to do so – all the more so because the origin of the funds can be monitored to some extent.