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Chinese Ponzi Wallet ‘EOS Ecosystem’ Shuts Down; Investors Locked Out Of $52M in Fund

▪ ‘EOS Ecosystem’ wallet app has shut down its services suddenly with investors being denied access to user accounts.
 ▪ It is rumored that the founders have made away with over $52 million in investor funds.

Reports have now surfaced that an EOS based wallet has seized its operations with the company’s top brass reportedly making away with over $52 million in investor funds. Located in China, the wallet had promised its investors handsome returns for their deposits.

Earlier in the week some of the investors unsuccessfully tried to gain access to their accounts. According to reports from Chinese media outlets, large sums of investor funds were transferred to the Huobidevice3 account.