EOS Ecosystem, which is a wallet application that promises high profits in return for users to hold EOS, ended their transactions. It is stated that the founders of the Wallet application disappeared with assets of $ 52 million. According to news that The Block is based on local news outlets in China, investors reported on Monday that they were unable to access their accounts through the application of EOS Ecosystem. According to the Chinese blockchain media outlet ChainNews, most of the funds have been removed from the service account. Since the company Block.one, which is responsible for the development of EOS, launched the open source Blockchain software EOSIO in 2018, there have been many investment scams centered around the block’s local cryptocurrency, EOS. For example; EOS Vote, EOSCUBE and EOSFIN turned out to be fraud platforms. ChainNews previously wrote that EOS Ecosystem does not have an EOS node as stated and is a pyramid system. In 2019, a lawsuit was filed at a local court in Tengzhou, China, as the project carried out a pyramid scheme containing more than 33 million EOS tokens (around $ 81 million at that time).
