RE: 58,000 Bitcoin Worth $430 Million to Be Dumped on the Open Market ?
Incoming mega – dump via the PlusToken scam ?
” A crypto analyst says another 58,000 Bitcoin from the PlusToken scam will likely be dumped on the open market in the next couple of months.
Created in 2018 in South Korea, PlusToken was an alleged Ponzi scheme that promised high-yield returns to its investors, produced by “exchange profit, mining income, and referral benefits” and reportedly drew in three million registered users.
The platform went bust over the summer, with Ciphertrace reporting that investors lost an estimated $2.9 billion once PlusToken’s app and exchange went offline.
A crypto analyst known in the industry as Ergo is assessing the total size of the scam. He says about 129,000 BTC has already been mixed in order to make the illicit crypto harder to trace. ”