$16 million worth of ether from PlusToken ponzi moves to exchanges, analyst expects full $1.3 billion sale to follow
Powered by @unfolded- Approximately 7,000 ether (valued at $16.7 million) from the PlusToken Ponzi scheme was moved to exchanges, indicating potential plans for a larger sale of the remaining $1.3 billion in ether.
- PlusToken, a fraudulent scheme that defrauded over 2.6 million people, had over $14 billion in various cryptocurrencies seized by authorities in 2019.
- The recent movement of ether follows a pattern similar to past transactions involving Bitcoin from PlusToken, suggesting a strategy to obscure the sale of assets.
- Analysts expect that the distribution of the remaining ether could introduce significant supply pressure on the Ethereum market.
https://www.theblock.co/post/320365/plustoken-7000-eth-sent-to-exchanges