https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price
So it's true then? Not only those scammers robbed millions of people, but now they are crashing the market? FFS, when will it end? When people are going to realize that this
is a red flag?
Well, probably never. I personally know a person who was scammed 3 times already, during the past 5 years. And yet he contacted me a couple of months ago trying to convince me to buy another scam coin, in which he already invested by the time. Sometimes I think it's a kind of incurable disease, and we will always have such people around.
Back to the topic though. Although the report is saying that "the scam attracted over $3 billion worth of cryptocurrency", in the end they repeat the "20,000 BTC" which "has yet to be cashed out". And I think the process of dumping this amount, even if it will be dumped entirely, will not be affecting the market for too long.