Long-Dormant Wallets Tied to $2B PlusToken China Ponzi Moves 2.8K Ether
Briefly

from Coindesk8 months ago
"Hundreds of wallets" tied to funds seized from the $4.2 billion PlusToken Ponzi scheme started moving thousands of ether (ETH) on Wednesday, creating chatter about more looming sell pressure among crypto market participants on X.
Coindeskhttps://www.coindesk.com/markets/2024/08/07/long-dormant-wallets-tied-to-2b-plustoken-china-ponzi-moves-28k-ether/
On-chain data shows over 2,800 ETH from various wallets linked to the seized wallet were today placed in a single wallet "0xf46847fa42fd9dd52737f3d25b8659cceba80eeb."
Coindeskhttps://www.coindesk.com/markets/2024/08/07/long-dormant-wallets-tied-to-2b-plustoken-china-ponzi-moves-28k-ether/
"Hundreds of wallets that have been dormant for 3.3 years are moving large amounts of $ETH, possibly 789,533 $ETH($2B)," on-chain tracking firm LookonChain said in an X post. "We found that these funds came from the wallet "Plus Token Ponzi 2."
Coindeskhttps://www.coindesk.com/markets/2024/08/07/long-dormant-wallets-tied-to-2b-plustoken-china-ponzi-moves-28k-ether/
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), among others, from operators of the PlusToken Ponzi scheme, months after its 27 alleged masterminds were arrested.
Coindeskhttps://www.coindesk.com/markets/2024/08/07/long-dormant-wallets-tied-to-2b-plustoken-china-ponzi-moves-28k-ether/
Read at Coindesk
#eth #plustoken-ponzi-scheme #market-pressure #on-chain-data #wallet-movements
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