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New research claims 21 accounts pumped the $4.4B EOS ICO with wash trades - Financial Markets Worldwide

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559698bc836be4174c42841b3c473303Cryptocurrency2 hours ago (Sep 04, 2021 02:00AM ET)

New research claims 21 accounts pumped the $4.4B EOS ICO with wash trades

New research has shed more light on the crypto industry’s largest-ever token sale, alleging that foul play may have been afoot during EOS’ initial coin offering (ICO) four years ago.

Researchers from the University of Texas have raised fresh concerns regarding’s record $4.362-billion ICO for the blockchain in 2017 and 2018. The highly-anticipated project was backed by industry heavyweights, including PayPal (NASDAQ:) co-founder Peter Thiel, alongside billionaire hedge fund managers Alan Howard and Louis Bacon. The research does not accuse itself of any wrongdoing, and the company has cited a report stating there was no evidence it was involved.

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