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

New research has shed more light on the crypto industry’s largest token sale of all time, claiming that a foul may have been underway during EOS’s Initial Coin Offering (ICO) four years ago.

University of Texas researchers have raised new concerns about Record $ 4.362 billion ICO for blockchain in 2017 and 2018. The highly anticipated project was supported by industry heavyweights, including PayPal (NASDAQ:) co-founder Peter Thiel and billionaire hedge fund managers Alan Howard and Louis Bacon. The investigation does not accuse of wrongdoing itself, and the company cited a report saying there was no evidence to back it up.

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