👉👉👉 Arkham Report: China Govt Holds 194k #bitcoin☀️ From PlusToken
The Aftermath of PlusToken: Unveiling the Cryptocurrency Ponzi Scheme
In a recent blog post, Chinese journalist Colin Wu delves into the aftermath of PlusToken, one of the largest cryptocurrency #Ponzi schemes in Bitcoin history. The case involved the seizure of a substantial amount of digital assets by Chinese authorities.
The PlusToken Puzzle: Seized Crypto and Unanswered Questions
According to Wu, the PlusToken scheme, orchestrated by a man with a middle school education from Changsha, Hunan, managed to amass 310,000 Bitcoin, 9.17 million Ethereum, and over 51 million EOS through a straightforward Ponzi and pyramid scheme model. Chinese authorities seized 190,000 $BTC , 830,000 $ETH , and 27.24 million EOS from the operation.
Wu revealed that a portion of the seized crypto was sold through Beijing Zhifan Technology, a company similar to the US-based Chainalysis. However, the fate of the remaining assets remains unclear.
Intriguingly, Wu and another source, Jiang Zhuoer, claim that a significant portion of the seized Bitcoin was sold between late 2019 and mid-2020 when BTC prices ranged from $7,000 to $12,000.
Despite these revelations, questions linger about the remaining assets. Overseas analysts tracking PlusToken addresses believe that while most Bitcoins were sold through Huobi, about 15,000 BTC may still be unsold. Additionally, they suggest that the Ethereum addresses have not moved.
Wu concludes that there may be a discrepancy between the addresses traced by the police and those tracked by overseas observers. He also notes that the police are still monitoring some addresses.
In summary, while significant progress has been made in tracking and seizing PlusToken assets, much remains shrouded in mystery. The ongoing investigation continues to shed light on one of the most notorious cryptocurrency scams in history.
Source - cryptonewsz.com
