A wallet suspected to be linked to Mining Express sold 5,004 ETH in exchange for 8.8 million DAI.

On-chain analyst Specter pointed out that about 16 hours ago, a wallet suspected to be related to Mining Express exchanged 5,004 ETH for approximately 8.8 million DAI. The project initially attracted investors through multi-level marketing, but was later accused of being a Ponzi scheme and, after stopping payments, shifted to business models such as cloud rendering. On June 15, Specter first marked this address, providing several related addresses for verification.