China Ponzi Scheme PlusToken’s $185 Million Ethereum Stash is On The Move

Ethereum funds to the tune of $185 million, tied to the now-infamous PlusToken scam, moved on June 24, sending the cryptocurrency market in a tizzy and moving ETH prices down by almost 5 percent at the time of writing. Transactional data on Etherscan shows hackers from the alleged PlusToken Ponzi scheme are moving their funds quickly.

Yesterday, a little over 789,500 ETH was transferred from a “rogue” wallet marked on the block explorer to contain PlusToken funds. Chainalysis, the on-chain crypto analysis firm, said it was able to track “a total of 180,000 BTC, 6,400,000 ETH, 111,000 USDT, and 53 OMG (Omise) that went from scam victims to PlusToken wallets.

Timeline of Ethereum, Bitcoin, Omisego, Tether