Specter Says InfoFi Project BILL May Be a Scam as Token Falls 97% From Peak
On X, on-chain investigator Specter reposted a post warning that the InfoFi project BILL may be a scam; the token has fallen about 97% from its all-time high. According to ChainCatcher, 17 wallets that received tokens from team-linked wallets deposited about 988 million BILL to centralized exchanges over the past two months. A separate deposit address sent another 360 million BILL to a centralized exchange this week, with the tokens originating from the project team’s multisignature wallet.