ImportantSpecter Retweets to Alert Community That InfoFi Project BILL Is Suspected to Be a Scam, Token Price Has Plunged 97% From Its All-Time High

On-chain detective Specter reposted a tweet on platform X to alert the community that InfoFi project BILL is suspected to be a scam. It is reported that the price of the Billion (BILL) token has dropped by approximately 97% from its historical peak. Over the past two months, 17 wallets that received tokens from team-associated wallets have deposited around 988 million BILL into Bybit, while a separate deposit address transferred 360 million BILL to Bybit this week, with the relevant tokens originating from the project team's multi-sig wallet. Statistics show that the total amount of BILL flowing into Bybit over the past two months has reached approximately 1.35 billion, accounting for roughly 13.6% of the total token supply, with an estimated value of around $15 million. The project team previously raised $30 million in financing from venture capital institutions.

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