727 FinancePANews October 18 news: On-chain detective Specter reposted a tweet on X warning the community that the InfoFi project BILL is suspected to be a scam. It is reported that the price of the Billion (BILL) token has fallen about 97% from its all-time high. Over the past two months, 17 wallets that received tokens from team-associated wallets deposited approximately 988 million BILL into Bybit, and another independent deposit address deposited 360 million BILL into Bybit this week. The relevant tokens originated from the project team's multisig wallet.
According to statistics, the cumulative BILL inflow into Bybit over the past two months is approximately 1.35 billion tokens, accounting for about 13.6% of the total token supply, with an estimated value of about $15 million. The project team had previously raised $30 million from venture capital institutions.