PANews reported on January 23 that according to analysis by CryptoQuant founder Ki Young Ju, China may have sold 194,000 bitcoins seized from the PlusToken scam in 2019. These bitcoins were announced by the Chinese government at the time to be "transferred to the national treasury," but it was not clear whether they had been sold.
Ki Young Ju pointed out that these bitcoins were mixed in 2019 and flowed to multiple exchanges including Huobi. If there is no sale, it does not make sense to use mixers and multiple exchanges. He also said that a regime that implements censorship is less likely to hold censorship-resistant assets.
