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11 Oct 2023, 22:36
🧵🔍 Let's delve into a curious case in the #NFT world. A user recently paid a mind-boggling $1.6 million for a CrypToadz NFT that was acquired two weeks prior for around $1,600. 💰
💡 This deal has sparked substantial debate & suspicion within the #Crypto community. Some speculate it could be a "fat finger mistake" while others bemoan the possibility of wash trading to launder funds. 🕵️♀️💼🔀 #CryptoNews #Ethereum
• Intriguingly, the purchase was powered by a digital wallet involved in a chain of transactions, rendered anonymous by the Ethereum coin mixing service Tornado Cash. 🚀💸 #Blockchain
• Tornado Cash isn't new to controversies. It has allegedly been utilized for money laundering purposes and was sanctioned by the US OFAC in 2023. Still, it continues to function.
• Among its users are the scandalous thieves who stole $60 million in Ether from AnubisDAO two years earlier. Could this $1.6M NFT deal be another example of crypto-scammers exploiting the system? 🧐⚠️
📍Get more information through the link below ⬇️
Let's delve into a curious case in the #NFT world. A user recently paid a mind-boggling $1.
🧵🔍 Let's delve into a curious case in the #NFT world. A user recently paid a mind-boggling $1.6 million for a CrypToadz NFT that was acquired two weeks prior for around $1,600. 💰
💡 This deal has sparked substantial debate & suspicion within the #Crypto community. Some speculate it could be a "fat finger mistake" while others bemoan the possibility of wash trading to launder funds. 🕵️♀️💼🔀 #CryptoNews #Ethereum
• Intriguingly, the purchase was powered by a digital wallet involved in a chain of ...