Bitcoin addresses belonging to PlusToken, a presumed Ponzi scheme discovered in China, have been moving funds massively this year. This is what Dovey Wan, founder of Primitive Ventures, reported between Wednesday 14th and Thursday 15th of August. Dovey Wan is also continually reporting on the events of the cryptocurrencies ecosystem in the Asian country.

According to Wan's data, the <a href="https://www.cryptoknowmics.com/crypto/the-us-government-is-powerless-to-block-bitcoin-addresses/">addresses</a> that the PlusToken team gave their clients to receive funds in bitcoin have been moving their BTCs. In her chain of tweets, the Chinese market specialist shared some Bitcoin addresses allegedly linked to PlusToken. She claims to have resorted to the company's chats to find such addresses. She also published an Ethereum address and alleged PlusToken funds in EOS.
<h2>Constant BTC Movements</h2>
Employing a search of Bitcoin addresses through the blockchain.com block browser, we were able to corroborate some of the transactions mentioned in the series of tuits. For example, the address <a href="https://www.blockchain.com/es/btc/address/33FKcwFhFBKWHh46Ksmxs3QBu8HV7h8QdF">33FKcwFhFBKWHh46Ksmxs3QBu8HV7h8QdF</a> moved last Tuesday about 38,000 bitcoins in four different transactions. That address only maintains a few satoshis after those movements, despite having come to receive 37,922.91030193 BTC.

Another of the <a href="https://twitter.com/DoveyWan/status/1161907209984307200">addresses</a> mentioned by Wan has maintained movements of between 20 and 200 BTC so far this year, getting rid of the more than 68,000 bitcoins it has received, according to data from the same block explorer. One address had more than 95,000 BTCs and <a href="https://www.blockchain.com/es/btc/address/14BWH6GmVoL5nTwbVxQJKJDtzv4y5EbTVm">currently</a> has only 0.000012 BTCs. This address got rid of its funds mainly in May. During that month, that address records dozens of transactions of 200 BTCs and one of 6,000 BTCs.

Dovey Wan assures that PlusToken also had operations in South Korea, Japan, and Malaysia. She claims to have access only to the addresses provided by the company's operators in China. In other words, there could be more addresses and funds involved.

Chinese cryptocurrency traders commented on a person who kept doing 100 BTC transactions continuously through the Binance exchange house, Wan added. In this regard, she <a href="https://twitter.com/DoveyWan/status/1161703702270365696?s=20">claimed</a> to "suspect" that both cases were related.

According to a chart by Peckshield, PlusToken sold part of the funds through the Huobi and Bittrex exchange houses from the beginning of July. That date is consistent with Wan's address movements.
<h3>Background of PlusToken</h3>
PlusToken, Wan adds, was discovered as a scam scheme a few months ago. According to a <a href="https://www.odaily.com/post/5138958">police report</a>, founding members of the company were arrested last July. In total, the scam, which included ethers and EOS as well as bitcoins, amounted to about US$3 billion.

According to the report, PlusToken had raised close to USD 190,000,000 through the memberships of some 100,000 people. Besides, it would have reached the referred USD 3,000 million through the investments of these users.

<img class="aligncenter" src="https://www.criptonoticias.com/wp-content/uploads/2019/08/Plus-Token-transacciones.jpg" />
<p style="text-align: center"><em>At Etherscan, the address is listed as being linked to PlusToken with a scam warning. Source: etherscan.io.</em></p>
An Ethereum address presumably also linked to the PlusToken scheme currently maintains more than 789,500 ETH, as can be seen through the etherscan.io explorer. In fact, by checking that address in Etherscan, we were able to verify that the portal issues the alert of the alleged link of that address with the scam.

China: alleged ponzi PlusToken scheme massively gets rid of its bitcoin

I am an industrial engineer specializing in blockchain. Enthusiast of cryptocurrencies and writing the latest news regarding the Crypto world.

China: alleged ponzi PlusToken scheme massively gets rid of its bitcoin

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