$3B Ponzi Scheme is Dumping BTC by the Hundreds

[Herbert2020]

I
But such kind of incidents are actually reminding us the requirement of a strict regulatory policy at international level. Scams are on the rise and without a strict global norm, such incidents will occur again and the scammers will get away it!

I strongly agree with this.

The country which the reside should definitely strict when it comes to even just thousand of dollars companies.
Permits. There should one group that should be checking this and not let run any garage type of company. There should be traces on where a large amount of money is getting in and out.
That will be clue to pinpoint this kind of evil deeds.
It should be stopped before they could even spend it.

that would first require a large amount of centralization in the market that will come at a lot of cost. and also the end result only seems good in theory (eliminating scams and preventing thieves from getting away with it) but in reality it will only restrict and harm the regular users who wanted a free market to trade bitcoin with fiat and not be harassed by the government agencies every moment.

[adaseb]

There was a company that did an analysis on the ETH network for the Ponzi ETH wallet and it turns out that the money was sent to about 250,000 different ETH addresses. For some reason I can't find the link anymore but it was posted by someone on Twitter somewhere.

Anyways the company stated that it would be very difficult to find out which ETH is tainted and which is legit. Keep in mind this was a Ponzi scheme so obviously the early and middle investors made some profits and cashed out. They obviously aren't the thieves here and their withdraw would be legit. So with so many addresses its impossible to tell which is stolen and which is legit.

[SquallLeonhart]

That's too much, and that might be the reason why we are falling this time. Its not good to hear a scam news like this, I feel sorry to those who  trust that shit project. Didn't hear any news about that one but for me its really a big money. Hundreds of people are losing their faith with cryptos again, this is bad.

This is a week old story, so I don't know why you consider this news still the reason of the current decline. This kind of negative news only has a short impact on the price and on the market. Losing their faith on bitcoin? I would say that they are still going crazy about it.

It might be a week old story but the effect could be gradually because pulling such amount of money out of the market is not going to be a sudden thing due to all these kyc that has been out in place and it would be easy to detect the fund and probably block it, so they will be moving it little by little as op said they have been doing, so don’t doubt that it would still be having effect on the market, mate we are not talking of millions hear, we are talking of billions of dollars which is quite huge amount of money.

Do you know the time it will also take them to sell that amount because I doubt if there is even any local exchange that will be able to buy such btc at once, so they will have to be taking it slowly out of the market till they empty their wallet and I hope that before they get the chance to do so, they might probably have been caught.

[fullhdpixel]

You do not need to hear about 3 billion dollar heist in everywhere of the world, I mean if there was one in USA maybe Americans will hear about it and if the news are all around coverage than some of the worlds people who look into international news will learn about it but do you really think an old dude living in Thailand will hear about a 3 billion dollar heist in USA? I don't think so, same could have happened here, we have no idea if its on news or not, we hope he gets caught and we hope he will see his time in jail but at the same time we can't make the whole media network around the world make it a news, maybe financial channels may talk about it for like a minute but every day trillions exchange hand in this world so it would be useless waste of time.

[Wilhelm]

What if Craigh Wright ran this ponzi scheme.
He claims he is satoshi.
Pays tax.
Has legally attained a few billion 

[Jating]

That's too much, and that might be the reason why we are falling this time. Its not good to hear a scam news like this, I feel sorry to those who  trust that shit project. Didn't hear any news about that one but for me its really a big money. Hundreds of people are losing their faith with cryptos again, this is bad.

This is a week old story, so I don't know why you consider this news still the reason of the current decline. This kind of negative news only has a short impact on the price and on the market. Losing their faith on bitcoin? I would say that they are still going crazy about it.

It might be a week old story but the effect could be gradually because pulling such amount of money out of the market is not going to be a sudden thing due to all these kyc that has been out in place and it would be easy to detect the fund and probably block it, so they will be moving it little by little as op said they have been doing, so don’t doubt that it would still be having effect on the market, mate we are not talking of millions hear, we are talking of billions of dollars which is quite huge amount of money.

Do you know the time it will also take them to sell that amount because I doubt if there is even any local exchange that will be able to buy such btc at once, so they will have to be taking it slowly out of the market till they empty their wallet and I hope that before they get the chance to do so, they might probably have been caught.

It's just like that mate, and there's no gradual pulling effect on the price. There's even some who created a new thread about billions worth of bitcoin is also in the move, and we haven't seen any impact on the price at all as we relatively stand above the five figures still.

People are immune to this kind of news, as I have been saying all along, investors are really wise and won't simply be affected by this (FUD) news. They really mature and those who panic on such news are total beginners in the this ecosystem.

[7788bitcoin]

What if Craigh Wright ran this ponzi scheme.

Do not give him ideas like this  .

People are really stupid enough to invest in these bullshit investment schemes designed to run away with their money, we have seen that time and again and still the amount that is being scammed gets bigger, three billion dollars being collected running a ponzi, no wonder people are coming up with new ways to raise those kind of amounts .