Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH
Cointelegraph
Published Jun 26, 2020 06:28PM ET
Updated Jun 27, 2020 08:20PM ET
Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network.
The $186 million transfer came from a known Ethereum address and was later split into 50 different transactions, possibly as an attempt to disguise the activity. Whale Alert first spotted the transactions which have since been processed but little information on the funds’ destination has been reported.
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Written By: Cointelegraph
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