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- PlusToken scammers have reportedly put a huge 13000 BTC in a mixer for Bitcoin.
- PlusToken is a Ponzi scheme that had affected a huge number of users, and the Ponzi scheme had offered its so-called investors.
- PlusToken seeks to sell off bitcoins obtained by criminal means, while changes in laws complicate the liquidation of funds through exchanges.
PlusToken scammers have reportedly put a huge 13000 BTC in a mixer for Bitcoin. The blockchain company Ergo announced the placement of 13,000 bitcoin (about $ 118.3 million at the moment) belonging to the fraudulent PlusToken group into the mixer. This method of mixing and further cashing cryptocurrencies causes a lot of controversies since scammers often use mixers.
PlusToken is a Ponzi scheme that had affected a huge number of users, and the Ponzi scheme had offered its so-called investors. Who were just innocent people that were becoming a victim to the Ponzi scheme, to invest in its high yield investment program?
This program used to give all it’s investors a dream of them getting a very high rate of return and also said that the higher the investment, the high the returns to mainly the unsuspecting population of China and South Korea.
This scheme offered the investors returns from 8 percent to a huge 18 percent every month and saw a huge number of people invest in the Ponzi scheme hoping that they get the promised high returns. But people did not even think once about how it was going to give such good returns.
The above PlusToken deposit is still without movement, and blockchain analytics are still able to track bitcoins worth about $ 123 million located there. Ergo indicates that these are funds accumulated in the mixer over the past few months.
The company also notes that the bitcoin of fraudsters have been moving since August 2019. PlusToken seeks to sell off bitcoins obtained by criminal means, while changes in laws complicate the liquidation of funds through exchanges. According to some estimates, the total amount of PlusToken bitcoin implemented in this way is at least 200,000.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
