The Crypto market is known to be regulated very little and to understand for newbies due to its complexity is difficult. In this combination, turns out to be a godsend for scammers and fraudsters. One of the most famous examples of the attempt to draw private investors with the money from the pocket of the Plus Token Scam. This is just incredible 4 billion USD, of which about 2 billion USD could be scammed in Ethereum. To this extent, the addresses of the Plus Token Scams Ethereum Whales represent. After we are in August (!) already it had been reported that there is still 790.000 ETH lie on an address, these have been moved according to the “Whale Alert” yesterday. Many of ETH Fans and investors now fear that a total of over USD 100 million can lead to a Dump in the Ethereum rate, and thus the entire Crypto-market. What’s behind it?
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Ethereum as a victim of the Plus Token Scammer
The Plus Token project has been with us in Europe, rather less known, since the fraud happened mainly in Asia. Nevertheless, the “managers comes after the arrest” a few months ago, more and more to light. The scale is gigantic. So the Scammer to have scammed nearly 200,000 BTC and the approximately 10 million Ether (ETH), who were together on the 4 billion USD value.After the 10 million ETH 9 million have already been paid by the time of the puppet master, remained, as we had in August already reported (!) just 790.000 Ethereum on an address of the Plus Token charge. We showed you then, 2 possible scenarios on the scenario 1: the arrest of the leadership level, no one Person has more access to the Wallets. The ETH will be lost forever.Scenario 2: the “advanced” management level has access to the Wallets and tries to bring this to the market.Now it turns out, seems to be scenario 2 occurred. Because, as the well-known page “Whale Alert” reported on Twitter yesterday to a transaction of 789,525 ETH from the said address of the Plus Token Scammer to another unknown address. The ETH will have a total value of approx. 105.000.000 USD!
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The price Dump is coming?
Still, it is in the moving of the ETH just a pure transaction. The concern that could throw Plus Token makers this on the market and for a price Dump in the case of Ethereum, to take, however. The probability, however, that all 790.000 ETH is to be thrown on the market, however, low. Because the Scammer would make such a Move their fat “revenue” is broken and the ETH course, as well as the market as a whole, into a bottomless collapse.Since the middle of the year, continuing losses from Bitcoin are also associated by many with the fraud. So many speculate that the BTC of the Plus Token Scams are continuously brought to the market and strong selling pressure. This could now also on Ethereum.Currently everything seems to be quiet around the Ethereum rate is currently 2% in the green.At this point, it should be said: just because the ETH of the Plus Token Scams have now been moved, does not mean that these will also be sold, and for a Dump have to worry. It is, however, a possible scenario is that-as the transaction of the Ether is now more likely.How do you see the development of the Plus Token Scams and Ethereum?You look better Videos to read the article? Then look at our Youtube Channel over.(Image Source: Shutterstock)