During this period, people of the zodiac go to bed late, and I guess many people can’t sleep like them.
Everyone has their own reasons for not being able to sleep, and the reason many people can’t sleep tonight is ETH, or strictly speaking, plustoken.
Yesterday, news suddenly broke that the wallet address of plustoken had been moved. It contained ETH worth 2 billion US dollars, with nearly 800,000 of them, strictly speaking, 789,533 of them.
If you don’t know what plustoken is, just search it yourself. Due to limited space, I won’t go into details.
When it comes to plustoken, Juzuo should be one of the few companies with a say in the entire network.
From the beginning of this fund-raising in May 2018 to the arrest of the gang by Yancheng police in Vanuatu in July 2019. During this period of more than a year, Ju Zuo has been persuading people to leave this cannibalistic vortex, so he also has a deep connection with this matter.
When my friend sent me photos of Chen Bo and others at the customs in the early morning of that day and said that they had been arrested, Ju Zuo also received the first post with over 100,000 views since he started writing on the public account.
In the end, the article, which contained detailed information, solid evidence, and in-depth first-hand information, received more than 700,000 reads.
If I remember correctly, there are a total of 3 articles on plustoken with over 100,000 views. It was worth it that I persisted for more than a year to continuously disclose and expose the inside story, and finally won a great victory.
Although the previous account has been blocked, some of the content from that time can still be searched online, so I won’t post screenshots of them one by one.
Let’s get back to today’s event itself.
At night, Chen Jian did a fund penetration and found that these addresses were rather strange.
Afterwards, Ju Zuo had some discussions with Boss Chen and restored the possibility of this matter from my perspective. He also thought it made sense.
People who have not experienced plustoken will definitely not know how long the suspect gang headed by Chen Bo was sentenced to.
Juzuo tells you that Chen Bo was sentenced to 11 years, and the others also received their respective sentences.
Except for a few of them who were customer service staff, the sentences were relatively light, and everyone else went to jail.
Here comes a question: Who is moving these 789,533 Ethereums now?
Many people said, it’s all over, the police are going to crash the market.
But I personally don’t believe that the public security department is behind this matter, for three reasons.
One reason is that this batch of confiscated assets had actually been dealt with in the early years, whether from the on-chain records or from various news channels. So after Bitcoin soared, everyone joked that Yancheng should have slapped its thighs.
On the other hand, after the plus token incident, a leader was dismissed in 22 years. This leader received more than 30 million in bribes during his tenure. Think about it carefully.
The second reason is that the amount is wrong.
The ETH seized that year was 9.17 million, but now there are less than 800,000, less than one-tenth of that. If you say that it can be stored there until now, I will never believe it.
You didn't sell when Ethereum was at 4,000, but now you are starting to collect?
Third, this is illogical and inconsistent with process.
In the past few years, Juzuo has dealt with public security organs a lot and has also participated in the disposal of some digital assets. In more formal places, there are generally two solutions.
One way is to hand over the wallet directly and dispose of them one by one, or package them into one package for disposal.
The second method is to let the suspect do the collection and directly dispose of these digital assets.
Why do we do this? The key lies in people. On the one hand, the police officers handling the case have little experience in this area, and if they make a mistake, they cannot explain themselves. On the other hand, it is also to avoid suspicion and comply with procedures.
People simply don't get involved in such matters and just follow the process.
Ju Zuo’s judgment is: some of them came out and started looking for the coins they had lost in the past.
In plustoken's verdict, some of the prisoners had already served their actual sentences.
But they may not have coins in their hands.
Among the people in the frame of Ju Zuo in the picture above, some were sentenced to more than 6 to 8 years. Ju Zuo heard news two years ago that the sentences of some of them had been reduced.
In this way, the scope will be expanded to include those who have already been released from prison, including those who have been released on parole.
You have to know that it has been five years since he was arrested in 2019.
Taking into account the detainees’ actual sentences and those who have made meritorious contributions and received reduced sentences, a group of people have indeed been released.
The key figures back then are now starting to look for coins.
When the case was closed that year, Ju Zuo had an in-depth discussion with his friends about this issue. You asked, "Did the coins get spit out?" The answer is definitely "yes," but was all of it spit out? The answer is definitely not "yes."
It is human nature that some people would definitely keep some of the money for themselves. And for the unit at that time, with such a large amount of money and so many wallets, it was inevitable that some of the money would slip through the net.
So when we were chatting at that time, we said that even though Chen Bo and the others are in jail now, they will still be able to live a comfortable life when they come out.
It turns out that only by going to jail can you become rich.
This is Ju Zuo’s judgment on this matter: the key figures have come out and are looking for the coins that were missed that year. One of the clues may have been missed by the police at the time. Now there may be hundreds of thousands of Ethereums that have been dug out, and the market is scared again.
But this may not be a good thing for those who find the coins.
The coin has been found, but I don’t know whether I will have the life to spend it.
Because countless pairs of eyes will be watching this case again. With domestic cases so scarce, $2 billion is already considered a top-tier case. I don't know how many people will fight over this matter. I guess people in Yancheng can't sleep today.
Finally, I have to sigh that the industry is really developing. After the collapse of plustoken, everyone also did address analysis, but it was all purely manual work. It was difficult for anyone to persist and then review the entire plustoken funding network.
But later, with the advent of tools for address marking and chain penetration, it became much more convenient for everyone to use. Before the dog dealers harvest, they must consider the issue of the path of funds.
Just like this time, if someone hadn’t marked the words plus token ponzi 2 on these addresses, this matter might not have been noticed by us until today.
For these comrades who are constantly promoting the development of the industry, I can only say, respect!
As for Ethereum holders, are you scared?
