PlusToken transferred 789,534 ETH into an unknown wallet

2022-06-23 区块链达人

PlusToken has moved a total of $190 million (789534 Ether, ETH) to an unknown wallet. Following the large number of XRP and EOS token transactions reported by the Whale Alert Monitor on June 19, the crypto community is now once again taking notice of PlusToken's activity on their ETH wallet. Several transactions on June 24 were worth approximately $190 million, or 789,534 Ethereum (ETH).

The PlusToken scam began a year ago under the guise of a profitable investment program. PlusToken promised users to receive exorbitant returns in a short time. To achieve this they used the funds of the older users to pay the newer ones. However, some users began to report problems accessing their funds. Then, all PlusToken users were blocked and their funds were stolen.

According to the latest estimates, the perpetrators of the scam managed to steal about 180,000 Bitcoin (BTC), 6.4 million Ethereum (ETH), and about 26 million EOS and 485 million XRP. Although six people were arrested for the scam, others have been released.

Ethereum (ETH) stolen by PlusToken on the move

The 190 million dollar transaction at ETH is probably part of an attempt by fraudsters to launder the money. In the past, the fraudsters behind PlusToken have used “mixers” to hide the source and activity of their transactions. However, the funds were largely traced through the efforts of investigators such as Ergo. This investigator gave a brief update on the movements of the stolen BTC funds and confirmed that the fraudsters were dormant from March to early May.

On the other hand, researcher Frank Topbottom determined that the “PlusToken mixer has made 5 hops and used 4967 addresses for this. 3813 of them now have a non-zero balance from 2 to 998 ETH”. On average, there were 140 ETH on these addresses and, as the researcher stated, it is likely that the scammers will continue to mix the ETH.

The co-founder of the Nansen data analysis firm and data scientist, Alex Svanevik, also confirmed that the fraudsters are mixing the funds. Svanevik said the scammers are using 5,000 addresses to obfuscate their transactions. He also determined that the funds are being sent in waves. He expects them to continue, but the perpetrators are trying to keep the address balances below 1,000 ETH. Svanevik said there are no signs, as yet, that the funds are being sent to crypto exchanges.

PlusToken has been a major market factor since early 2019. Some analysts believe that the movements of PlusToken funds are related to an increaseof volatility on the crypto market. In fact, the bull market of 2019 may have come to an end because of PlusToken, as Chainalysis reported.

Author : Reynaldo