PlusToken exit scam still making news after stolen more than $2.9 billion in funds from their customers accordingly with the blockchain analytics firm CipherTrace, and at the time of the fraud had "estimated" 4 millions users worldwide that become victims from the Ponzi scheme.
Now they are again on the front pages from the worldwide tabloids related to crypto news, as over 12,000 BTC, actually worth $117 Million, was been moved from two different addresses here and here, and are linked to the fraudulent business.
The moving was spotted today and tweeted today, the first Blockchain address contains about 11,999 BTC and the second one 424 BTC's.
The PlusToken Ponzi scheme, is considered (suspected) being one of the largest exit scam in the crypto space, and Chainalysis are following closely and traced it to discover that most of the funds stolen from customers was highly negotiated at the Chinese crypto Exchange Huobi.
Huobi had direct involvement in the scam business, accordingly with Elementus investigation that found, that almost 50% of withdrawals from PlusToken happened in the Exchange.
The moves Registered today, one of the crypto wallets that hosted the stolen assets, looks more as a "cold wallet" as spotted by the person who is in front of the investigation about this fraud!
This is one of the most commented and famous cases about crypto frauds in recent times, that lead 6 suspected to be jailed, but the main leaders of the scheme are on the run!
The thing that is completely strange is the involvement of a reputable crypto Firm, and that kind of behaviour isn't good to the community, that consider those places a safe place to trade Legal assets and found this kind of Intel relate to a scam is very dubious.
People doubt the linking about Huobi but Chainalysis did also a research and found that nearly all the funds related to PlusToken were moved to an OTC address on the same Exchange!!
So the Blockchain Firms are wrong!!
Republished Article Original found at Uptrennd Platform From My Authorship Here.
