The recent revelation on the movement of Bitcoin from PlusToken’s account has received confirmation from the blockchain analysis of Bitcoin. Pickshield inc., a blockchain security company that also provides research on existing projects reported that more than 5000 BTC was moved from associated PlusTokens account.
Dovey Wan Brings Attention to PlusToken Accounts on Twitter
Dovey Wan, a crypto-analyst who brought it to the attention of crypto-Twitter, stated “they [Scammers] are moving their funds [Bitcoins] into small batches into exchanges, like 50-100BTC per batch” on 14th August 2019. The marked public addresses of the scammed tokens were also brought into attention, while the research firms were notified.
PlusToken Addresses- Let’s STOP it
14BWH6GmVoL5nTwbVxQJKJDtzv4y5EbTVm (95228 $BTC)
31odn4bxF2TgM4pD7m4hdSr1vGMsjh9ugV (68,562 $BTC)
33FKcwFhFBKWHh46Ksmxs3QBu8HV7h8QdF (37,922 $BTC)
eospstotoken (26,312,329 $EOS)
0xF4a2eFf88a408ff4c4550148151c33c93442619e (789,525 $ETH)
— Dovey Wan 🗝 🦖 (@DoveyWan) August 15, 2019
The information took a drastic turn as the media outlets attributed Bitcoin’s price dump below $10,000 caused by the dumping. Wan also reported that about 1000 BTC were found to be deposited in Bittrex and Huobi earlier.
Reportedly, Peckshield and Chainalysis are working on tracking the funds in wallets associated with PlusToken wallets. According to Peckshield’s most recent findings,
#PLUSTOKEN fund on the move again! On 08/14, 5,575 BTC moved from 1M1Tfsvb address to many different addresses
PlusToken Bitcoin Movement Address Map for 5575 BTC (Source)
As reported earlier on Coingape, PlusToken scammers are behind bars now, having been deported to China this year. However, the Bitcoins are still at large.