According to PANews, hundreds of wallets that have been dormant for 3.3 years are now transferring significant amounts of ETH, potentially totaling 789,533 ETH (worth $2 billion). On-chain tracking reveals that these funds originate from the wallet 'Plus Token Ponzi 2.' In 2020, 'Plus Token Ponzi 2' dispersed 789,533 ETH across thousands of wallets, remaining inactive since April 2021. Approximately three hours ago, these wallets began transferring ETH.

These ETH were seized by Chinese authorities during a crackdown on the Plus Token Ponzi scheme. At that time, a total of 194,775 BTC ($11.2 billion), 833,083 ETH ($2.11 billion), 487 million XRP ($252 million), 79,581 BCH ($25.8 million), 1.4 million LTC ($82.3 million), 27.6 million EOS ($12.7 million), 74,167 DASH ($1.7 million), 6 billion DOGE ($609 million), and 213,724 USDT were confiscated.