BILL Accused of Alleged Scam: 13.6% of Total Supply Flowed into CEXs Over Two Months, Team Previously Raised $30 Million

Odaily: On-chain detective Specter reposted a tweet on X alerting the community that InfoFi project BILL is suspected of being a scam. The price of InfoFi project Billion (BILL) token has fallen approximately 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; this week alone, another independent deposit address deposited 360 million BILL into Bybit, with the tokens originating from the project team's multisig wallet.

Monitoring shows that approximately 1.35 billion BILL flowed into Bybit over the past two months, accounting for about 13.6% of the token's total supply, with an estimated value of approximately $15 million. It is reported that the BILL project team previously raised $30 million from venture capital firms and called the project a scam; however, the aforementioned wallet flows and allegations regarding the project's nature still require further verification.