Specter repost says the InfoFi project BILL is a suspected scam, with approximately 1350000000 tokens BILL flowing into Bybit over the past months
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AT A GLANCE
Specter repost says the InfoFi project BILL is a suspected scam, and its BILL price has fallen by approximately from its all-time high 97%。
Article
Specter repost warns the community about the InfoFi project BILL Suspected scam; token price has plunged from its peak 97%
PANews October 18 News: On-chain investigator Specter reposted a tweet on X warning the community about the InfoFi project BILL a suspected scam. Billion (BILL) token price has fallen by approximately from its all-time high 97%Over the past 2 months, 17 wallets that received tokens from team-linked wallets deposited approximately into Bybit 988000000 tokens BILL, while another independent deposit address deposited 360000000 tokens into Bybit this week BILL, with the related tokens originating from the project's team multisig wallet. According to statistics, over the past 2 months, the amount flowing into Bybit BILL totaled approximately 1350000000 tokens, accounting for approximately of the total token supply 13.6%, with an estimated value of approximately 15000000 USD. The project team had previously raised funding from venture capital institutions. 30000000 USD。
PANews stated that on-chain investigator Specter reposted a tweet on X warning the community that the InfoFi project BILL is a suspected scam.
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According to the report, the Billion (BILL) token price has fallen by approximately from its all-time high 97%。
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Over the past 2 months, 17 wallets that received tokens from team-linked wallets deposited approximately into Bybit 988000000 tokens BILL。
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Another independent deposit address deposited 360000000 tokens into Bybit this week BILL, and the report said that the related tokens originated from the project's team multisig wallet.
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According to statistics, over the past 2 months, the amount flowing into Bybit BILL totaled approximately 1350000000 tokens, accounting for approximately of the total token supply 13.6%, with an estimated value of approximately 15000000 USD。
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The report stated that the project team had previously raised funding from venture capital institutions. 30000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report relays Specter's risk warning: certain addresses alleged to be linked to the team, or whose funds originated from the team's multisig wallet, deposited a large amount of BILL into Bybit. Depositing tokens into an exchange may draw market attention, but the original report does not state whether these tokens have been sold, nor does it provide a project response or formal investigation conclusion.
Why it matters to readers
A large concentration of tokens entering exchanges, combined with a steep decline from the all-time high, may intensify holders' concerns over token disposal, potential selling pressure, and project governance.
Beginners should not treat “suspected scam” as a confirmed conclusion; before trading BILL, they should monitor the project's statements, verify address ownership, and determine whether these tokens have actually been sold.
Risks and unknowns
“Suspected scam” is an allegation in the repost; the original report provides no regulatory, judicial, or other formal conclusion.
The original report provides no response from the project.
The original report does not show an independent verification process for the ownership of team-linked wallets, the independent deposit address, or the multisig wallet.
Depositing into Bybit does not mean the tokens have already been sold; the original report does not explain their subsequent disposition.
Approximately 15000000 USD is an estimated value; the original report does not explain the valuation methodology.
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Financing 30000000 USD The original text does not provide the names of the investment institutions or supporting verification materials for this claim.
Related concepts
All-time high
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