Ethereum (ETH) Dips 2% as Hundreds of Wallets Linked to 2020 PlusToken Ponzi Scheme Start Moving $2B Worth of Tokens-web3.0-php.cn

Home

web3.0

Ethereum (ETH) Dips 2% as Hundreds of Wallets Linked to 2020 PlusToken Ponzi Scheme Start Moving $2B Worth of Tokens

王林

Aug 08, 2024 am 12:00 AM

ethereum PlusToken scam dormant wallet

PlusToken was a multi-billion-dollar Ponzi scam dismantled by Chinese law enforcement in 2020.

Ethereum (ETH) Dips 2% as Hundreds of Wallets Linked to 2020 PlusToken Ponzi Scheme Start Moving B Worth of Tokens

Multiple wallets began transferring 2,800 tokens on Wednesday, Aug. 7, an event that might put sell pressure on Ethereum (ETH) after a recent 25% sell-off.

Several wallets started moving around 2,800 tokens worth almost $2 billion in Ethereum (ETH) linked to the 2020 PlusToken Ponzi scheme in China.

After several wallets began transferring funds from a 789,533 Ether chest, Ethereum (ETH) dipped around 2% early on Wednesday. According to Etherscan, the addresses were last active for over three years and last received assets from a wallet tagged “Plus Token Ponzi 2” in April 2021.

PlusToken was a multi-billion-dollar Ponzi scam dismantled by Chinese law enforcement in 2020. Authorities seized cryptocurrencies currently worth $14 billion, including 194,775 Bitcoin (BTC) and 833,083 ETH, valued at $11.2 billion and $2.11 billion, respectively.

Chinese police also confiscated tens to hundreds of millions worth of Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), EOS (EOS), Dash (DASH), Dogecoin (DOGE), and Tether (USDT).

A lower district court in Yancheng, China, convicted 15 individuals over the case that reportedly impacted 2 million investors.

The above is the detailed content of Ethereum (ETH) Dips 2% as Hundreds of Wallets Linked to 2020 PlusToken Ponzi Scheme Start Moving $2B Worth of Tokens. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

The Pi Network token price has increased by more than 14% over the past week.Apr 16, 2025 am 11:22 AM

As of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi

More Reasons to Be Bullish on SUI as Price Enters Prime Buying ZoneApr 16, 2025 am 11:20 AM

An analyst on X, Frigg, highlights multiple reasons to be optimistic about SUI Network price trajectory.

Bitcoin (BTC) Sentiment Is Turning Bullish as Over $467 Million of the Cryptocurrency Was Withdrawn From Exchanges YesterdayApr 16, 2025 am 11:18 AM

Following today's data released by IntoTheBlock, sentiment around Bitcoin appears heightening towards bullishness.

Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token.Apr 16, 2025 am 11:16 AM

nt Labs and the Movement Network Foundation Launch Independent Investigation into MOVE Token Market-Making Irregularities

A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]Apr 16, 2025 am 11:14 AM

With $1.52 billion in stablecoins migrating to Tron, investors appear to be favoring lower-cost chains and diversifying beyond traditional USD-backed assets.

Mantra CEO John Patrick Mullin Burns His Allocation of OM Tokens to Restore Investor ConfidenceApr 16, 2025 am 11:12 AM

Mantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol's native token suffered a sharp collapse.