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Chinese authorities are preparing to sell $1.3 billion worth of Ethereum coins seized from employees of the cryptocurrency company PlusToken.
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Over the past 24 hours, about 7,000 ETH out of the remaining 542,000 ETH worth $1.3 billion have been sent to cryptocurrency exchanges. This indicates the [Chinese government's] intention to sell all the coins, said a cryptocurrency researcher known by the pseudonym FreeSamourai.
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