- Recent claims about the movement of dormant wallets related to the Token Plus crypto scam have been disproven by independent analysts.
- Lookonchain initially suggested the movement of $1.8 billion worth of Ethereum, but subsequent analysis revealed this amount was overstated.
- A detailed examination uncovered that most of the alleged transactions actually occurred back in 2021.
Get the full scoop on the latest updates and insights into the Token Plus crypto scam. Uncover the facts and analysis from credible sources.
Token Plus Assets Scrutinized
Recent allegations claiming the movement of nearly $2 billion worth of Ethereum linked to the Token Plus crypto scam have been scrutinized. A significant update published by EmberCN revealed that the majority of these assets had already been liquidated in 2021, largely on the cryptocurrency exchange, Bidesk. This contradicts initial findings reported by Lookonchain.
What Are the Facts?
Arkham Intelligence, a prominent blockchain data analysis platform, weighed in on the situation and identified that wallets purported to be associated with Token Plus had minimal activity, contradicting earlier postulations. Arkham discovered only about $12 million worth of Ethereum transfers in recent activity, significantly lower than previous claims.
EmberCN’s Findings
EmberCN’s investigation disclosed that about 25,757 Ethereum, valued at $63.1 million, were transferred over the last 24 hours. This discovery stemmed from tracking 12 addresses linked to Token Plus. The critical takeaway is that the much-publicized larger transfers were misplaced, with a vast portion of identified assets being previously sold. Lookonchain has since deleted their initial post but has yet to issue a formal clarification on the matter.
Key Insights
– Comprehensive research by EmberCN denied the initial claims, affirming that most significant transactions happened in 2021.
– A recent movement of 25,757 Ethereum, evaluated at $63.1 million, was indeed detected.
– Official data from Arkham Intelligence indicates minimal activity from principal Token Plus wallets.
Conclusion
The Token Plus crypto wallet scam, one of the most substantial crypto Ponzi schemes, continues to unravel complexities years after its cessation in 2019. The latest revelations indicate earlier claims of major asset movements were exaggerated, highlighting the importance of scrutinizing blockchain data thoroughly. Investigations demonstrate that the case remains intricate, with uncovering authentic asset movements being pivotal for the crypto community. Investors should be diligent in evaluating blockchain claims to avoid misinformation.
