Bitcoin addresses belonging to PlusToken, an alleged Ponzi scheme discovered in China, have been moving funds massively during this year. This was reported between Wednesday, August 14 and Thursday, August 15, Dovey Wan, founder of Primitive Ventures, who also constantly reports on events in the cryptocurrency ecosystem in the Asian country.
According to Wan’s data, the addresses that the PlusToken team gave its customers to receive funds in bitcoin have been moving their BTC. In its tweet chain, the China market specialist shared some Bitcoin addresses allegedly linked to PlusToken. She says she turned to the company’s own chats to find those addresses. He also published an Ethereum address and alleged PlusToken funds in EOS.
BTC constant movements
Through a search of Bitcoin addresses through the blockchain.com block explorer, we were able to confirm some of the transactions mentioned in the series of tweets. For example, the address 33FKcwFhFBKWHh46Ksmxs3QBu8HV7h8QdF moved last Tuesday about 38,000 bitcoins in four different transactions. In fact, that address barely maintains a few satoshis after those movements, despite having received 37,922,91030193 BTC.
Another of the addresses mentioned by Wan has maintained movements of between 20 and 200 BTC so far this year, getting rid of the more than 68,000 bitcoins it has received, according to data from the same block explorer. An address came to have more than 95,000 BTC and currently maintains only 0,000012 BTC. This address was disposed of its funds mainly in May. During that month, that address records dozens of transactions of 200 BTC and one of 6,000 BTC.
Dovey Wan says that PlusToken also maintained operations in South Korea, Japan, and Malaysia. She claims to have access only to the addresses provided by the company’s operators in China. That is, there could be more addresses and funds involved.
Chinese cryptocurrency traders commented on a person who kept making 100 BTC transactions continuously through the Binance exchange, Wan added. In this regard, she said “suspect” that both cases were related.
According to a Peckshield chart, PlusToken sold part of the funds through the Huobi and Bittrex exchange houses, since early July. That date is consistent with the movements of the addresses presented by Wan.
The PlusToken company, Wan adds, was discovered as a scam scheme a few months ago. According to a police report, founding members of the company were arrested last July. In total, the scam that included ethers and eos in addition to bitcoins was around USD 3,000 million.
According to the report, the PlusToken company would have raised about USD 190,000,000 through the membership of some 100,000 people. In addition, it would have reached the referred USD 3,000 million through the investments of these users.
An Ethereum address allegedly also linked to the PlusToken scheme currently maintains more than 789,500 ETH, as can be seen through the etherscan.io browser. In fact, by checking that address in Etherscan, we were able to verify that the portal issues the alert of the alleged link of that address with the scam.