CandleFocus 7,000 ETH Moved to Exchanges as Crypto Faces a Potential $1.3 Billion Earthquake
2024-10-11
Author: Content Editor
The massive cryptocurrency haul seized from the PlusToken Ponzi scheme is being sold off, according to OXT Research analyst ErgoBTC. Recently, 7,000 Ether worth $16.7 million was moved to exchanges, potentially indicating the liquidation of the entire $1.3 billion in ETH seized from the scheme. This follows the previous transfer of large amounts of Ether from wallets linked to the scheme. The remaining 542,000 ETH, which was seized from the Chinese pyramid scheme, is expected to be sold off in a similar manner to the Bitcoin seized from the scheme.
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