According to Foresight News, blockchain investigator ZachXBT has identified a significant WBTC holder as being connected to a suspicious entity involved in ransomware and pig-butchering scams. The holdings data are as follows:
One address, 0xed805ac246f441ea0d057b81d910ef1e39eb5995, holds 1,253 WBTC, equivalent to $73 million. Another address, 0x9a5c7630d327885ae849217702824e5835d3c5e0, holds 185 WBTC, valued at $10.8 million.
ZachXBT's findings raise concerns about the potential misuse of significant cryptocurrency holdings by entities engaged in illicit activities. The identification of these addresses highlights the ongoing challenges in tracking and regulating digital assets to prevent their use in criminal enterprises.
