As much as $1.3 billion worth of Ethereum seized from the PlusToken Ponzi scheme could soon be transferred to cryptocurrency exchanges for sale, according to on-chain data.

OXT Research’s pseudonymous analyst Free Samourai indicated in a tweet Wednesday that some of these funds have already been sent to exchanges including BitGet, Binance, and OKX.

The price of Ethereum is currently down 1.5% on the day but is flat over the past week, trading at around $2,448, per data from CoinGecko.

Blockchain analytics firm AMLBot further confirmed OXT Re

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Author: Adrian Zmudzinski