Dormant Wallets Move $2 Billion in Ethereum Linked to Plus Token Scam

A significant movement of Ethereum (ETH) has been observed from hundreds of dormant wallets, which have been inactive for 3.3 years. These wallets are transferring approximately 789,533 ETH, valued at about $2 billion.

The funds originated from a wallet associated with the 'Plus Token Ponzi 2,' a scheme that was dismantled by Chinese authorities four years ago. The crackdown led to the seizure of these assets by the police.

The recent activation of these wallets and the large-scale movement of ETH have drawn attention within the cryptocurrency community.

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