It took 36 transactions, worth $ 7 million worth of ETH, to empty out the address holding all investments in HEX

By Selena 01/8/20 10:29 AM

According to data from Etherscan.io, the main address related to HEX has almost been wiped out. About $ 7 million ETH has been withdrawn from an address associated with HEX cryptocurrency after weeks of speculation that it is heading to an exit scam. There are 36 transactions sent from the address on January 6, each accurately transferring 1,337 ETH from the address.

HEX origin address emptied out, almost $7 million withdrawn

As AZCoin News reported, HEX is a Bitcoin-linked investment scheme. This is the new Blockchain project, which claims to be the world’s first high-interest rate and spectacular ROI, especially for the forth participants. However, recently, HEX is famous for the wreckage inside the project.

According to data from Etherscan.io, the main address related to HEX has been almost completely wiped out. The funds were transferred on January 6 through 36 separate transactions, with each exact withdrawal being 1,337 ETH, worth about $ 192,500.

Source: Etherscan.io

And now, with nearly $ 7 million worth of ETH taken from the address, it started to look very much like a scam that HEX investors warned a few weeks ago. No transaction goes to the same address, which means that all the tokens that people have invested in HEX have been scattered around.

Details about one of the 36 times 1.337 ETH was withdrawn from HEX address | Source: Etherscan.io

Big claim, more significant loss

Immensely few cryptocurrency projects have gained the “fame” that HEX has. Just over a month ago, this project was criticized continuously at a level far more significant than BitConnect or OneCoin. According to statistics from CoinMarketCap, HEX prices have fallen by 93.6% from an all-time high.

They have stated that they can earn more than 10,000 times in less than 2.5 years. These are odd statements from Richard Heart, the project’s founder. However, investments in HEX look more like donations to his address than selling tokens, since they are all kept in a single Ethereum address that Heart claims are inaccessible.

Then, from December 12 to December 23, more than $ 115,000 worth of ETH was withdrawn from the address, leading many to suspect that it was the beginning of an exit scam. While most publications avoid calling the incident an exit scam, the overwhelming sentiment in the cryptocurrency community is, without a doubt, a transformation.

With the address holding all of the tokens investing in HEX almost entirely empty and the project team remaining silent on this issue, it may be safe to assume that the infamous project is in the final stages.

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