UTC-05:00,Wednesday , December 02nd 2020

ETC Network Is Abnormal, Large Transaction Suspected of Money Laundering

02:35 Monday , January 14th 2019
Monitored by China-based blockchain security firm SlowMist, there was a large amount of abnormal miners' rewards on the ETC public chain in the early morning of Jan 14 (UTC+8). Further analysis revealed that the abnormal rewards resulted from the address starting with 0xb71ee622 that holds approximately 72,383 ETC. The address paid a huge transaction fee for a large number of transactions, and the large amount of high fees were taken by the miner's address starting with 0x00473. The miner transferred out the mining revenue in real time, which is suspected of money laundering.