CryptoKitty Goes Away For 600 ETH, Community Suspects Money Laundering Activities

News
Thu, 09/06/2018 - 12:49
Yuri Molchan
The CryptoKitty in question is named Dragon. User, whose identity anonymous, bought it for 600 ETH ($172,000). Since this cat is pretty much valuable (a Gen zero cat)
Cover image via U.Today

The CryptoKitty in question is named Dragon. On Tuesday a user, whose identity remains anonymous, bought it for 600 ETH ($172,000).

Since this cat is pretty much valuable (a Gen zero cat), it remains unclear whether the purchase was accidental or it was a case of money laundering. Some of the crypto community shared the latter thought on Twitter, since on average these CryptoKitties cost about $60.

Last time a high amount was paid for a CryptoKitty was December last year. Back then it was sold for $110,000.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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