Chainalysis Found PlusToken May Have Significant Influence over Ethereum (ETH)
© Reuters. Chainalysis Found PlusToken May Have Significant Influence over Ethereum (ETH)
PlusToken, the Chinese Ponzi scheme that took away around $3.5 billion in (BTC) and (ETH), is capable of significantly affecting the ETH ecosystem.
Recent research by Chainalysis, part of a larger report on crypto crime, shows PlusToken took in and redistributed as much as 6.4 million ETH, while in the end keeping around 790,000 ETH. The scheme lasted for months and even went through the year’s significant bull rally. Other rough estimates see the scheme taking as much as 10 million ETH.
Although the estimate for PlusToken is incomplete, ranging from $2.9 billion to close to $4 billion, Chaina…
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Source: investing.com
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