PLUSTOKEN STILL HOLDS ONTO PART OF BTC, ETH HAUL
Despite a law enforcement agreement with the team, PlusToken seems to have no problems accessing its assets. Switching to an “unknown wallet” can overshadow ETH, especially if there is no organized address tracking.
It was extremely unfair that the Chinese social media accounts associated with PlusToken explained the transactions and identified themselves. It is currently unknown what they intend to do with mass deliveries of ETH and Bitcoin (BTC), but this can affect the crypto ecosystem for many years.
It is not known whether senders are part of the PlusToken core team or are simply affiliates.
PlusToken was one of the largest diversion schemes for BTC and ETH, with revenues ranging from $ 2.9 billion to $ 3.2 billion. The size of the Ponzi scheme is similar to OneCoin, an outdated money-making machine that stole $ 4 billion from investors.
ETHEREUM TRANSFERS COULD AFFECT MARKET, DEFI SPACE
PlusToken's activity raises suspicions about the market price of assets. One explanation for BTC falling this week below $ 7,000 is that PlusToken wallets have again liquidated some of their coins. PlusToken is known to send between 600 and 1000 BTC shares to exchanges, mainly to Huobi.
Now the market has renewed its fears that PlusToken will either affect the ETH market or even switch to Defi and take advantage of money laundering. ETH fell to $ 128.83 even after a small recovery, and PlusToken wallets are now considered a serious threat.
A recent transaction is just a small fraction of all ETH stored in fraudulent wallets. Chainalysis recently tested the funds and found that the circuit took up 180,000 BTC and approximately 6.4 million ETH.
A chain analysis shows that some coins may be issued in over-the-counter markets, avoiding KYC exchange rules.
“We watched about 800,000 ETH and 45,000 BTC. We can make it clear that scammers have moved their laundry addresses. “They cashed out at least 10,000 of these 800,000 ETHs, and the remaining 790,000 months spent months in the same Ethereum wallet,” Chainalysis explained.
Not all ETHs collected by PlusToken are available because some of them were used for prepayments to create an idea of the legitimacy of a high-income system.