Specter: The InfoFi project BILL is suspected to be a scam, with the token price having plummeted 97% from its peak

On-chain detective Specter retweeted on platform X, alerting the community that the InfoFi project BILL is suspected of being a scam. It is reported that the price of the Billion (BILL) token has dropped by about 97% from its historical high.

In the past two months, 17 wallets associated with the team have received tokens and deposited approximately 988 million BILL into CEX, while another independent deposit address also deposited 360 million BILL into CEX this week. The related tokens originated from the project's team multi-signature wallet.