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Topic
Board Press
Re: [2019-08-15] A Mysterious $3B Chinese Ponzi Scheme Is Being Blamed for Bitcoin’s
by
veleten
on 28/09/2019, 17:51:16 UTC

Did they successfully sold the 1000BTC to Bittrex and Huobi?

74,000 BTC and another 95,000 BTC to their wallets. This scheme is pretty big but how come people here in the forum didn't talk about this PLUS token? I haven't really encounter a thread about them here in the forum.

I think that it is fake news.
There is nothing posted for this Scam and as they managed to steal so big amounts of money it would be noted somewhere. I didn't even hear about this token. I don't think that this is to blame the drop in Bitcoin price. It is more like a correction to the recent uptend.

No, this is true and many articles about this were shared across telegram and twitter. There are also pictures of the perpetrators and one them looks like an Asian version of vitalik. But it seems like the exchanges were alerted about this and monitor the wallets of those scammers which has prevented the big dump of bitcoin.

looks like after all this could be one of the contributing factors to the recent crash
I didn't pay much attention to the news in August , but when I saw people dump coins  at the highest bidder price , I instantly recalled this topic
maybe some of the coins did end up on the markets , the total volumes that day were not insane but pretty high for some exchanges over 70.000 coins traded hands
but if even 1/10th of the reported coins were laundered and sold , this would explain the sudden 2000$ price drop