According to Wu, Lookonchain monitors a large number of wallets that have been dormant for 3.3 years and are transferring 789,533 ETH (about $2 billion). The funds came from a wallet called "Plus Token Ponzi 2".
The wallet dispersed 789,533 ETH to thousands of addresses in 2020 and has not moved since April 2021. About 3 hours ago, these wallets began to transfer ETH.
It is reported that these ETH were seized by the Chinese police when they cracked down on the PlusToken Ponzi scheme. At that time, a total of 194,775 BTC (US$11.2 billion), 833,083 ETH (US$2.11 billion), 487M XRP (US$252 million), 79,581 BCH (US$25.8 million), 1.4M LTC (US$82.3 million), 27.6M EOS (US$12.7 million), 74,167 DASH (US$1.7 million), 6 billion DOGE (US$609 million) and 213,724 USDT were seized.
