Does China HODL more Bitcoin that MicroStrategy?
CEO of CryptoQuant—Ki Young Ju—recently took to Twitter to share a “fun fact.” The executive of the on-chain data and analytics platform claimed that the Government of China was a “crypto whale.” He said, “ Chinese authorities seized 194k BTC, 833k ETH, and others from the PlusToken scam in 2019. They forfeited these $6 billion-worth assets to the national treasury. “ FUN FACT: Government of China🇨🇳 is a crypto whale. Chinese authorities seized 194k BTC, 833k ETH, and others from the PlusToken scam in 2019. They forfeited these $6 billion-worth assets to the national treasury. FWIW, MicroStrategy has 130k $BTC. pic.twitter.com/Ilqp7EnenL — Ki Young Ju (@ki_young_ju) November 2, 2022 The PlusToken scam, was a Ponzi scheme that manipulated investors by proposing to them high and risk-free returns. With over two-and-a-half million investors enticed, the scam was systematically cataloged into around 3,200 ...