ORS CryptoHound Study: “6 of the World’s Most Loaded ETH Wallets Might Have Faked Decentralization”
If investigative data released by ORS CryptoHound is to be believed, a lot of unusual monetary activity has been taking place on the Ether blockchain over the course of the past 30-45 days.
As part of their efforts, the folks over at ORS CryptoHound analyzed the one hundred largest Ethereum transactions that took place on the currency’s network during the last 3 months of 2018. In doing so, the data-analytics firm found some weird habit patterns that many of the world’s crypto-elite seem to be adhering to:
- Six of the most loaded ETH wallets recently transferred a massive sum (close to around $500 Million) of Ether tokens on a particular day simultaneously.
- Each of these wallets also possessed a huge (92-98%) chunk of OmiseGo tokens (OMG).
- All six of the above-mentioned wallets were seemingly created on the very same day.
- The wallets recycled their contents using a host of different transactions (till all of the coins were divided in an equal manner amongst 39 new wallets).
As a result of this investigation, many people from within the crypto world have now started to ask themselves the question
“Is Ethereum really as decentralized as previously imagined?”.
In regards to the matter, Fabrizio Fontana, a Chief Analyst for ORS CryptoHound, stated that while he did not know what to make of such data, one thing was for sure that his firm’s new AI-driven study can help in the highlighting of similar oddities in the future.
He then went on to add:
“This investigation is one of the early case studies showing AI’s potential in blockchain and cryptocurrency analysis. Our goal is to provide a free and easy-to-use platform for everyone who wants to collect as much data as possible about a specific blockchain address or transaction.”