Ethereum Price Drops As Chinese Govt. Sells 7,000 ETH Seized from PlusToken Scam

The Chinese government has reportedly moved a total of 7,000 Ethereum coins worth $16.7 million seized from the multi-billion dollar Ponzi scheme PlusToken. This has already put some pressure on the Ethereum price sending it under $2,400 levels with another 2% in the past few hours. Chinese Government to Sell 542,000 ETH? The latest development The post Ethereum Price Drops As Chinese Govt. Sells 7,000 ETH Seized from PlusToken Scam appeared first on CoinGape .