BILL Project Suspected Scam, 13.6% of Total Supply Flows into CEX, Team Previously Raised $30 Million

The price of the BILL token from the InfoFi project has dropped approximately 97% from its historical high. Over the past two months, 17 wallets associated with the team have deposited about 988 million BILL tokens into Bybit, and this week, another independent deposit address transferred 360 million BILL tokens to Bybit. The related tokens originated from the project's team multi-signature wallet. Monitoring shows that approximately 1.35 billion BILL tokens have flowed into Bybit over the past two months, accounting for about 13.6% of the total token supply, with an estimated value of around $15 million. The BILL project team had previously raised $30 million from venture capital firms, and the nature of the project and related allegations require further verification.

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