The founder of the PulseChain project is suspected of transferring $323 million worth of ETH.

On October 20, according to Yu Jin's monitoring, a group of addresses suspected to belong to Richard Heart (@RichardHeartWin), the founder of projects such as Hex, PulseChain, and PulseX, moved 81,000 ETH worth $323 million in the past 5 hours. Analysis shows that this group of addresses purchased 132,000 ETH on-chain in March 2023 for 499 million DAI, at an average price of $3,770. Out of these ETH, 9,500 were transferred via Tornado Cash in the past 6 months, while the rest are still held.

ETH4.51%
DAI-0.03%
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