CryptoQuant Founder: China May Have Sold 194,000 BTC Seized from PlusToken Scam in 2019

ChainCatcher news, according to an analysis by CryptoQuant founder Ki Young Ju, China may have sold 194,000 bitcoins seized from the PlusToken scam in 2019. These bitcoins were announced by the Chinese government to be "transferred to the national treasury," but it was not specified whether they had been sold.

Ki Young Ju pointed out that these bitcoins flowed to several exchanges, including Huobi, after being mixed in 2019. If they were not sold, the operation of using mixers and multiple exchanges would be meaningless.