Inactive for about 3.3 years, "hundreds of wallets" have moved a large batch of Ethereum. According to calculations by Lookonchain, the total volume of assets amounted to approximately 789,533 ETH (~$2 billion).
Hundreds of wallets that have been dormant for 3.3 years are moving large amounts of $ETH, possibly 789,533 $ETH($2B)!
We noticed that hundreds of dormant addresses were transferring ETH.
Through on-chain tracking, we found that these funds came from the wallet \"Plus Token… pic.twitter.com/QGKJknJEns
The researchers linked the cryptocurrency to a wallet labeled as "Plus Token Ponzi 2". The address distributed 789,533 ETH to thousands of wallets in 2020, which have not been moved since April 2021.
On August 7, 2024, at approximately 11:00 Kiev/Moscow time, the addresses began transferring funds.
PlusToken is a Chinese pyramid scheme launched in the spring of 2018 and liquidated in the summer of 2020. Then the law enforcement agencies of the People's Republic of China arrested 27 main suspects and confiscated the assets of criminals.
According to Lookonchain, a total of 194,775 BTC ($11.2 billion), 833,083 ETH ($2.11 billion), 487 million XRP ($252 million), 79,581 BCH ($25.8 million), 1.4 million LTC ($82.3 million), 27.6 million EOS ($12.7 million), 74,167 DASH ($1.7 million), 6 billion DOGE ($609 million) and 213,724 USDT.
China sold the first batch of assets confiscated from PlusToken back in November 2020, selling $4.2 billion worth of cryptocurrency.
Recall that in December of the same year, the court sentenced 14 organizers of the pyramid. Key participants in the scheme received prison sentences ranging from two to 11 years. They were also fined 120,000 to 6 million yuan.