Chinese operated PlusToken Ponzi scheme has just moved its BTC. The scammers who duped investors of billions worth of cryptocurrencies have just transferred $117 million of BTC associated with them to a new address. The recent transaction means the scammers could be getting ready for something big.
Plustoken’s coins are on the move again
???
Highly suggest @whale_alert to mark those addresses highlighted by @ErgoBTC in his research https://t.co/UnDvINWfEP
— Dovey 以德服人 Wan ?? (@DoveyWan) February 11, 2020
The two addresses are here and here, Chiachih Wu, vice president of research at Chinese blockchain security firm PeckShield, tweeted today. The first address contains over 11,999 bitcoins and the second address contains over 424 bitcoins.
These are the Plus Token coins. They are on the move. See @ErgoBTC ‘s original research (3rd address). pic.twitter.com/krSlko8CmY
— Sue Zhu (@BarnabyBitcoin) February 11, 2020
Wu said the new addresses look like “cold wallets.” Cold storage refers to keeping private keys on a hardware device, disconnected from the internet.
Last year, Chainalysis, a blockchain firm, tracked 45,000 BTC ($302 million) and 800,000 ETH ($102 million) which was transferred from PlusToken’s wallets and into individual wallets. Of the total, the firm noted that the scammers were getting ready to dump 20,000 BTC. This at the time caused much panic with prices expected to plummet
The PlusToken Ponzi scammers are believed to have made away with at least 180,000 BTC, 6,400,000 ETH, 110,000 USDT all which could easily make $2 Billion.
Six suspects affiliated with PlusToken have been arrested, Chinese police officials confirmed last August, although main operators of the scheme are still on the run.
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