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

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Thu, 6/09/2018 - 12:49
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CryptoKitty Goes Away For 600 ETH, Community Suspects Money Laundering Activities
Cover image via U.Today
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The CryptoKitty in question is named Dragon. On Tuesday a user, whose identity remains anonymous, bought it for 600 ETH ($172,000).

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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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