EthContingency Project Transfers 200 ETH to Tornado Cash

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AI Summary

An externally owned address linked to the EthContingency project, which raised $5.46 million in 2017 and then disappeared, has transferred 200 ETH to Tornado Cash, raising concerns about the project's intentions and the potential for illicit activity.

According to Foresight News, CertiK monitoring has revealed that an externally owned address (EOA) associated with the EthContingency project deposited 200 ETH (approximately $520,000) into Tornado Cash this morning. EthContingency, which raised around 2,100 ETH (currently valued at approximately $5.46 million) through an initial coin offering (ICO) in 2017, subsequently disappeared. A significant amount of ETH remains in three wallets linked to the EthContingency project.

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