Report Claims EOS and Block.one Recycled ETH During ICO to Simulate Demand

The token sale, which took place in 2017 and 2018, may have been fueled by recycled (ETH) funds. New evidence surfaced that Block.one may have directly spent the ETH to boost the demand for EOS tokens.

A recent report by Alethio Data Science shows that there may be significant grounds for that speculation. The startup, formed under the guidance of ConsenSys, has tracked blockchain activity to give additional evidence that daily auctions and market prices for EOS may have been tampered with during the token sale.

Block.one allegedly raised the equivalent of $4 billion, with no data on how the funds have…

This article appeared first on Cryptovest

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