Attackers got rid of the cryptocurrency through OKEx, Huobi and other trading platforms, this could not be prevented by verification of the identity of KYC

More than $1.3 billion in cryptocurrency was laundered by the PlusToken pyramid scheme over the past seven months, according to a report published today by the research company OXT. Its analysts suggest that this hindered the growth of the value of Bitcoin and the crypto market as a whole.

However, now the influence of the financial pyramid has become much less, according to the company. This is due to the fact that the attackers sold about 70% of their cryptocurrency reserves, oxt analysts said.

They noted that the criminals still have at least 37,725 BTC. Of these, 33,872 coins have already been passed through "mixers" - services for mixing and obfuscating transactions, and the remaining 3,853 BTC are still subject to processing and distribution, according to the OXT report.

It claims that a significant portion of the cryptocurrency was laundered through major trading platforms such as OKEx and Huobi. This happened despite strict rules regarding user identity verification (KYC), the company's analysts stressed.

One of the first PlusToken in the fall of the Bitcoin exchange rate was blamed by the managing partner of the company Primitive Crypto, Dovi van. She noticed that the price of the first cryptocurrency dropped from $14,000 to $10,000 the day after the organizers of the pyramid scheme were arrested.