Security· ★★· bearish·

Specter flags InfoFi project BILL as suspected scam as token drops 97% from peak

  • —BILL is down roughly 97% from its all-time high
  • —17 team-linked wallets deposited about 988 million BILL to CEXes in two months
  • —A separate address sent another 360 million BILL to exchanges this week
  • —The tokens originated from the project team's multisig wallet
Why it matters: Team-linked token deposits to exchanges amid a price collapse are a classic scam pattern, raising risks for BILL holders.
#BILL
Source: ChainCatcher 链捕手
More on this
Security · yesterday
Ripple CTO Emeritus Schwartz Flags Wallet Scam Targeting Recovery Phrases
 Security · Oct 13
Fake cybersecurity workshop at TOKEN2049 Singapore flagged as crypto scam
 Regulation · Oct 12
South Korean lawmaker flags transaction-tracing risk in Bank of Korea's Han River digital won project