A New Threat to Crypto Prices
Ethereum (ETH) faces market uncertainty as $1.3 billion worth of ETH linked to the PlusToken Ponzi scheme is moving to exchanges.
Reports indicate a portion of the massive 542,000 ETH seized from PlusToken has already reached significant exchanges, including BitGet, Binance, and OKX.
This development has sparked a drop in Ethereum prices, raising fears of further sell-offs. The crypto community remains concerned about the impact of this large-scale liquidation on the market.
PlusToken Ponzi: A Massive Crypto Fraud Unveiled
The PlusToken Ponzi scheme was one of the largest crypto frauds, operating between 2018 and 2019. According to a report, the fraudulent scheme lured millions of investors with promises of high returns…
