The CEO of CryptoQuant, Ki Young Ju, stated that Chinese authorities have already sold 194,000 bitcoins seized as part of the investigation into the PlusToken scheme. In 2019, these bitcoins were transferred to Chinese exchanges like Huobi, but the government did not clarify whether they were sold or simply transferred to the treasury. According to Ju, the use of mixers and multiple exchanges without selling the cryptocurrency makes no sense, which he believes confirms the sale of bitcoins through local platforms.
1/24/2025 1:07:57 PM (GMT+1)
Ki Young Ju claims that Chinese authorities sold 194,000 bitcoins seized from PlusToken fraudsters in 2019 through local exchanges, despite official statements about transferring them to the treasury 💰
73
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
Bolivia will start using cryptocurrency to pay for fuel imports against the backdrop of a dollar shortage and economic crisis in the country's energy sector
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
Elon Musk through D.O.G.E directs funds to SpaceX and Tesla, manipulating figures in government spending, which raises questions about conflicts of interest
Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
