Sunday, August 24, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Plus Token Ponzi scheme wallets moved $63M ETH after years of inactivity – CoinJournal

8 August 2024
in Scam Alert
Reading Time: 2 mins read
0 0
A A
0
Home Scam Alert
Share on FacebookShare on Twitter


Plus Token wallets moved $63.1M ETH after three years of inactivity.
Dormant funds, as soon as held in Bidesk, have been partially transferred to Huobi.
The transfer may trigger market panic; ETH is at the moment valued at $2,379.35.

In a dramatic improvement, cryptocurrency wallets linked to the infamous Plus Token Ponzi scheme have moved a staggering $63.1 million price of Ethereum (ETH) after greater than three years of dormancy.

The sudden shift of property, which quantities to 25,757 ETH, has sparked considerations about potential market volatility.

Wallets have been final lively in 2021

In accordance with on-chain knowledge analyst EmberCN, the dormant wallets related to the Plus Token Ponzi scheme have been final lively in April 2021.

On-chain knowledge exhibits that the Plus Token Ponzi scheme orchestrators had moved 789,534 ETH, beforehand held in a “Plus Token Ponzi 2” pockets, to the Bidesk trade by way of a number of addresses between June and September 2021. Nonetheless, the Bidesk trade went bankrupt on the finish of 2021, and forcing the tokens to be transferred to Huobi.

A lot of the 789,534 ETH tokens have been offered in 2021, leaving a small half unsold. A part of the remaining tokens is what has been moved over the previous two days. In complete about 12 addresses have acquired 25,757 Plus Token-related ETH price about $63.1 million over the previous two days.

A part of these ETH weren’t transferred to Bidesk in 2021; half have been withdrawn from Bidesk however not transferred to Huobi.

This important motion of funds follows the scheme’s collapse and subsequent crackdown by Chinese language authorities, who seized an enormous array of crypto property.

Plus Token Ponzi scheme crackdown

In the course of the crackdown, Chinese language officers confiscated roughly $4.2 billion price of property, together with 194,775 Bitcoin (BTC), 833,083 ETH, 497 million Ripple (XRP), and 6 billion Dogecoin (DOGE), amongst others.

The worth of those property has surged to roughly $13.5 billion, reflecting present market costs.

The reactivation of the Plus Token Ponzi scheme-linked wallets and the potential for a future sell-off may set off important panic inside the cryptocurrency market.

As of the newest updates, ETH’s worth stands at round $2,379.35, with minimal fluctuation noticed to date.

Nonetheless, market observers are carefully watching the scenario to gauge the potential impression on Ethereum and broader crypto property.

Share this articleCategoriesTags



Source link

Tags: 63MCoinJournalETHinactivityMovedPonzischemetokenwalletsyears
Previous Post

Azuki Unveils New Animated Series by Yasuda Gensho Studio

Next Post

Arthur Hayes: Buy the Bitcoin Dip After Bank of Japan ‘Caved’ – Decrypt

Related Posts

Fake Ethereum trading bots on YouTube help scammers steal over $900K
Scam Alert

Fake Ethereum trading bots on YouTube help scammers steal over $900K

9 August 2025
CrediX hack adds to $3.1 billion DeFi losses in 2025 as multisig failures surge – CoinJournal
Scam Alert

CrediX hack adds to $3.1 billion DeFi losses in 2025 as multisig failures surge – CoinJournal

6 August 2025
Deepfake scams cost $200M: A threat we can’t ignore
Scam Alert

Deepfake scams cost $200M: A threat we can’t ignore

5 August 2025
Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence
Scam Alert

Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

22 July 2025
XRP trading volume soars as new ATH attracts deepfake scam targeting investors
Scam Alert

XRP trading volume soars as new ATH attracts deepfake scam targeting investors

18 July 2025
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal
Scam Alert

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
Next Post
Arthur Hayes: Buy the Bitcoin Dip After Bank of Japan ‘Caved’ – Decrypt

Arthur Hayes: Buy the Bitcoin Dip After Bank of Japan ‘Caved’ - Decrypt

Donald Trump Jr. Teases ‘Huge’ Crypto News—Says Defi ‘Is the Future’  – News Bytes Bitcoin News

Donald Trump Jr. Teases ‘Huge’ Crypto News—Says Defi ‘Is the Future’  – News Bytes Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
Ether Soars In August—But Will September Spoil The Party?

Ether Soars In August—But Will September Spoil The Party?

24 August 2025
Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

Solana Eyes $360 After Breaking $200 – Here’s Why $SNORT Could Deliver Bigger Gains

24 August 2025
Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

Wall Street’s Crypto Titans: Billions in Bitcoin and Ethereum Stashed Away – Crypto News Bitcoin News

24 August 2025
Why Luca Netz Will Be ‘Disappointed’ If Pudgy Penguins Doesn’t IPO Within 2 Years – Decrypt

Why Luca Netz Will Be ‘Disappointed’ If Pudgy Penguins Doesn’t IPO Within 2 Years – Decrypt

24 August 2025
As September looms, is Ethereum due a seasonable pullback?

As September looms, is Ethereum due a seasonable pullback?

24 August 2025
Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility

Ethereum Faces High-Risk Setup: Leverage-Driven Rallies Signal Volatility

24 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$112,731.00-2.17%
  • ethereumEthereum(ETH)$4,796.020.98%
  • rippleXRP(XRP)$3.030.12%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$869.27-1.37%
  • solanaSolana(SOL)$204.640.55%
  • usd-coinUSDC(USDC)$1.000.01%
  • staked-etherLido Staked Ether(STETH)$4,785.281.03%
  • dogecoinDogecoin(DOGE)$0.233251-1.29%
  • tronTRON(TRX)$0.3636970.53%