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An on-chain crypto investigator took to social media to show the supposed black fact behind Justin Sun’s Tron however has thrown Ethereum within the combine, alleging that the cryptocurrency is backed by the CCP and will harbor crypto pockets addresses by Fentanyl traffickers. 

On-Chain Detective Unveils Potential Tron Ponzi Scheme

An X (previously Twitter) consumer going by the username @BoringSleuth has gained the eye of the crypto group after uncovering potential proof of Tron allegedly being a Ponzi scheme ruled by one of many world’s largest crypto prison drug cartels. 

“I showed and told the World that Tron $TRX was a massive Ponzi, run by a part of the largest criminal Cartel in the World, and connected to the CCP,” BoringSleuth stated.

I confirmed and advised the World that Tron $TRX was a large Ponzi, ran by part of the most important prison Cartel within the World, and linked to the CCP.

Today, the DOJ charged 8 CCP corporations with unlawful drug manufacturing, distribution, and gross sales round Fentanyl. Over half of their… https://t.co/Yjbnv2fgPN pic.twitter.com/do4JLiAgLh

— TruthLabs 🫡 (@BoringSleuth) October 4, 2023

BoringSleuth disclosed that the United States Department of Justice (DOJ) has sanctioned eight Chinese Communist Party (CCP) corporations for allegedly working a clandestine drug manufacturing and distribution gross sales community round Fentanyl. 

The crypto investigator revealed that greater than half of the wallets owned by these corporations had been traced again to Tron and the rest allegedly being on the Ethereum blockchain. 

After analyzing the unique gross sales of the TRX token, BoringSleuth said that he had reviewed the highest 20 cryptocurrency wallets in Tron’s unique token sale checklist to decipher the house owners of the wallets and the way a lot TRX provide these wallets have acquired.

According to the investigator, out of the 20 wallets, 17 had been created and owned by the notorious prison group disguised to symbolize real traders. He revealed that the prison group was linked to the CCP, and 98% of Tron’s whole token provide was obtained by these 17 wallets.

The on-chain investigator additionally talked about that cryptocurrency exchanges like Huobi Global, and cryptocurrencies like Shiba Inu can also be linked to the CCP and Wanxiang, a Chinese multinational conglomerate and the group that funded Ethereum Foundation wallets and Ethereum’s Founder, Vitalik Buterin. 

ETH prie falls again to mid $1,600s | Source: ETHUSD on Tradingview.com

Investigations Cast Shadows On Ethereum

The crypto trade has skilled a sequence of Ponzi schemes and rug pulls for years now, inflicting traders and regulators to be cautious of crypto exchanges and organizations within the area. 

While Tron is confronted with speculations of being a well-orchestrated Ponzi scheme and having connections with the CCP, the revelation that Ethereum, the world’s second-largest cryptocurrency could also be backed by the CCP and linked to corporations concerned in drug trafficking has left the crypto group in a paradox. 

According to BoringSleuth, the CCP is allegedly supporting Ethereum and different blockchains in addition to a number of Decentralized Exchanges (DEX) and Centralized Exchanges (CEX) within the crypto area. 

The crypto investigator utilized a earlier transaction that noticed the CCP receiving 133,700 ether on a single Genesis Block tackle owned by the get together, as a reference to a connection between Ethereum and the CCP.

BoringSleuth has additionally said a possible connection between Ethereum’s Founders and the CCP, which he stated he can be revealing intimately quickly. 

The allegations confronted by Tron and Ethereum come amid the rising scrutiny of China’s role within the cryptocurrency panorama. Although the crypto X group is presently reeling from the on-chain investigator’s speculation, no concrete proof linking Ethereum to the CCP has emerged, leaving the allegations within the realm of hypothesis.

Featured picture from Medium, chart from Tradingview.com