Specter: InfoFi Project’s BILL Token Alleged to Be a Scam, Plunges ~97% From Its Peak
41 minutes ago
On-chain detective Specter reposted a tweet alerting the community that the InfoFi project’s BILL token is suspected to be a scam. The BILL token (full name Billion, ticker: BILL) has plunged around 97% from its all-time high. Over the past two months, 17 addresses that received tokens from team-linked wallets have deposited approximately 988 million BILL onto crypto exchanges. This week alone, another set of independent deposit addresses added around 360 million BILL to exchanges, with the tokens sourced from the project team’s multi-signature wallets. Statistics show that the total BILL tokens flowing into exchanges over the past two months amount to roughly 1.35 billion, accounting for about 13.6% of the total token supply, with an estimated value of approximately $15 million. The project’s team previously secured around $30 million in funding from investors including Coinbase Ventures and Polychain Capital.
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