On-chain data shows that the CrypToadz NFT, with a floor price of only 0.53 ETH (approximately US$835), was bought at a price as high as 1,055 ETH today. The buyer also paid more than US$40,000 in transaction fees to OpenSea. spark community discussion. However, the huge transaction was subsequently speculated to be related to money laundering.
CrypToadz NFT sold for millions
Today, CrypToadz#4030was sold on the OpenSea market for 1,055 ETH (approximately $1.68 million). In addition, the buyer also paid OpenSea 26.375 WETH (approximately $41,000) in transaction fees.
Oh geez this doesn't look good. A Cryptoadz NFT sells for $1,660,000 (1,055 ETH).
There were $41,500 in fees paid to OpenSea which makes me think it was a fat-finger error.
The floor price for the Toadz is 0.5 ETH.
ht @gangnam_eth pic.twitter.com/h8bPTCj2la
— NFTstats.eth (@punk9059) October 9, 2023
Interestingly, the floor price of CrypToadz NFT is currently only 0.53 ETH (approximately $835). The buyer’s incredible behavior also attracted the attention of the community.
Previously, the highest floor price of CrypToadz NFT was 13.95 ETH in October 2021, and has fallen 95.7% since then.
Buyer Wallet Tornado Cash Related
At first, many crypto KOLs believed that this was just a common fat-finger mistake, an unexpected loss caused by the buyer completing the transaction too quickly due to negligence in personal input. This has happened to both cryptocurrency service providers and individual users. occur.
However, on-chain investigator TexasHedge pointed out that the CrypToadz NFT buyer’s wallet recently received approximately 1,116 ETH (approximately $1.76 million) from another wallet, which had received approximately 1,200 ETH (approximately $1.76 million) from Tornado Cash a month ago. $1.9 million).
In other words, the buyer had received unidentified funds from the infamous Tornado Cash and mysteriously spent them on purchasing CrypToadz NFTs.
The purchasing wallet was funded by a wallet that has been pulling money out of Tornado Cashhttps://t.co/nNhKvSVhoz pic.twitter.com/aInHO8vNyG
— TexasHedge (@0xTexasHedge) October 9, 2023
TexasHedge speculates that the purchase of the NFT at a sky-high price is likely to be part of a money laundering transaction.
Arkham: Tornado Cash is still the largest mixer on Ethereum
A few days ago, Arkham, an on-chain research company that just launched the cash flow tracking function last week, said that even though Tornado Cash’s protocol TVL and transaction volume once fell by more than 60% after being sanctioned by the U.S. Treasury Department in August last year, it still remains It is the largest encrypted currency mixing protocol on Ethereum.
Tornado Cash is still the largest crypto mixer on Ethereum, even after the August 2022 US Treasury sanctions.
$77.35M in assets flowed through its contracts on ETH Mainnet in the past 30 days. pic.twitter.com/dBpxmN1gqb
— Arkham (@ArkhamIntel) October 9, 2023
(Reviewing the regulatory incident of currency mixing protocol Tornado cash)
It is reported that Tornado Cash operates on 7 different chains and obfuscates the transmission of 10 different crypto assets. At its peak in July 2021, Tornado Cash even held over $700 million in ETH on its protocol.
Arkham’s report further mentioned that in the past 30 days, up to $77.35 million in assets were still flowing through contracts on the ETH mainnet through Tornado Cash.
This article 1.6 million magnesium to buy CrypToadz NFT? The buyer paid over 10,000 yuan in transaction fees and was accused of money laundering. The article appeared first on Chain News ABMedia.