Following the XRP Blockchain, the Twitter account XRPL Monitor discovered that China’s largest Bitcoin fraud, PlusToken, is moving the stolen funds. XRPL Monitor stated that the stolen cryptocurrencies were replaced by the fourth largest cryptocurrency, XRP.
Transaction Type: Payment
Amount: 9,410,089 XRP
Fee: 20 drops (0.00002 XRP)
Sender Balance: 36,099,077.9998
Receiver Balance: 9,410,109
— XRPL Monitor (@XRPL_Monitor) June 24, 2020
Plustoken Started Moving Stolen Funds
XRPL Monitor detected 29.5 million XRP worth $ 5.446.333 transferred by PlusToken executives. 71.5 million XRP was suspiciously moved in 9 successive transactions. According to analytical data tracker Bithomp, six of these transactions were done by anonymous users, and the remaining three transfers were linked to PlusToken.
Previously, XRPL Monitor reported that approximately $ 53.8 million, 285 million XRP was moved from PlusToken addresses. As a result of the fraudulent activity that emerged in 2019, about $ 2.9 billion of crypto assets were stolen.