TechFlow news, August 7 — According to monitoring by Lookonchain, hundreds of wallets that had been inactive for over three years have started transferring large amounts of ETH, potentially involving 789,533 ETH (approximately $2 billion). On-chain tracking revealed these funds originated from the "Plus Token Ponzi 2" wallet, which distributed ETH across thousands of addresses in 2020 and remained dormant since April 2021.
About three hours ago, these wallets began transferring ETH. The ETH being moved was seized by Chinese police during their crackdown on the PlusToken Ponzi scheme. In that operation, authorities confiscated a total of 194,775 BTC (approx. $11.2 billion), 833,083 ETH (approx. $2.11 billion), 487M XRP (approx. $252 million), 79,581 BCH (approx. $25.8 million), 1.4M LTC (approx. $82.3 million), 27.6M EOS (approx. $12.7 million), 74,167 DASH (approx. $1.7 million), 6B DOGE (approx. $60.9 million), and 213,724 USDT.
Follow-up: As disclosed by Yu Jin, most of the ETH involved in the transferred PlusToken dormant wallets may have already been sold in 2021, with only a small remaining portion now being consolidated.
