# PlusToken Analysis Traced 39,814.17 Bitcoin (BTC) Through Mixers to Exchanges

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/32170
Published: 2026-10-15T01:43:48.000Z
Updated: 2026-10-15T01:43:48.000Z
Section: Investing

> A two-hop analysis estimated that 500 BTC, then worth about $5.24 million, had moved to Bittrex.

An Aug. 16, 2019, graph analysis mapped 39,814.17 Bitcoin (BTC) tied to PlusToken through mixers to Huobi, Bittrex, Kraken and other exchange services, a total then valued at about $416.29 million.

The review used graph analysis to follow transactions across multiple hops, starting from an address identified as a mixer transfer address. At two hops, it estimated that 500 BTC, then worth about $5.24 million, had moved to Bittrex.

The tracing also mapped thousands of smaller transfers to user wallets and flows through other mixing services. CryptoQuant classified Bittrex-linked wallets as suspected laundering destinations in its four- and five-hop analysis and identified none at other exchanges.