Post
Topic
Board Altcoin Discussion
Re: leaked video explained the recent pump of litecoin
by
usukan
on 12/07/2015, 05:12:25 UTC
in a very limited sample of forensics on the LTC blockchain - following transactions from main deposit address - down to what are obviously investors with regular payments being made in a circuitous route from the main deposit address - I can say

The main address supported daily payments to investors via many intermediary addresses

http://ltc.blockr.io/address/info/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou

Investors are still being paid their regular amounts right up to TODAY
http://ltc.blockr.io/tx/info/36a909677951ef4e3728949efec3c37a42c7adc06e6ae79be7437b7b4221ffff


An investor who deposited 10k LTC receives 132 LTC/day back (1.32% per day)
http://ltc.blockr.io/address/info/3P4PexgqW76jp8xUXkYdb9aFuAKHMrm464

you can see this investors deposit of 9500 LTC on 1 July to the main deposit account
http://ltc.blockr.io/tx/info/8de0ac3ba6de4fc1f6526b9346a405ca016c67364a2e5caeb1f37342f6fcb02d

What you might found interesting are the rather large balances in intermediary accounts
http://ltc.blockr.io/address/info/Lhv6b1tumaytM7ENRwfPwVa8RNfRVYw6eJ 660k LTC
http://ltc.blockr.io/address/info/LiBkrsLdt2Teod2euBpB4B1oZNs5RHaTA1 90k LTC
http://ltc.blockr.io/address/info/LepFsZCdzY93gdtyHgKULRFJ8kBKGcpcxF 120k
etc - this is just a sample

and at least the other 23 addresses that recd deposits from the main address on 10 Jul (each holding 30 - 100k+ LTC)

my initial conclusion is that this scheme is still in business as of today - and paying out

but I can't seem to find the new deposit address for the scheme (if there is one?)

If no new deposits in significant numbers - can they continue?  Certainly they can buy a lot of LTC with the BTC they picked up during the dump.  If the LTC price goes up again the value of their LTC goes up - but they need LTC to payout - so this does not really help.

But if they crash the price a few times along the way - they just keep buying back in at bottom to replenish stocks of LTC to pay out to their investors - maybe?

Of course the conclusion to this scenario is that they will just keep increasing their LTC holding - eventually squeezing most others (except their investors) out from owning - and gain total control of LTC by weight of ownership.  The price consequences are obvious.

Just noticed the LTC price seems to be going up again?