Closing an EOS-based wallet and seizing $52 million in user funds
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Answer Closing an EOS-based wallet and seizing $52 million in user funds
stated local report That a digital wallet promised investors high returns when they deposited EOS coins, closing the wallet, and its creators apparently ransacked about $52 million in users’ money.
On Monday, reports and news surfaced that investors no longer have the ability to access their accounts via the EOS-based app.
According to Chinese media outlet ChainNews, most of the funds have also been removed from the service account.
Since development studio Block.one released the open source EOSIO software in 2018, many companies have been running investment scams centered around the EOS cryptocurrency.
For example, EOS Vote, EOSCUBE and EOSFIN have been detected as fraudulent platforms.
Read:Now you can use Dash Wallet on Apple Watch
ChainNews previously reported that the EOS Ecosystem does not have an EOS node as it claims to be running a pyramid scheme.
In 2019, the project was sued in a district court in Tengzhou, China, for allegedly carrying out a pyramid scheme involving more than 33 million EOS tokens (about $81 million at the time of this publication).
Read:What are the details of the fraudulent Ponzi scheme known as the PlusToken project?
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