ZachXBT links 7zarc wallet to $70 million Raidparty exit scam
- —The 7zarc wallet received 4,870 ETH (about $15 million) from Raidparty addresses
- —Raidparty is suspected of an exit scam worth about $70 million
- —The funds were transferred to deposits at several CEXs
- —7zarc returned to activity in September 2026 after a pause since 2022
Why it matters: Moving funds to exchanges raises the risk of further dumping and draws attention to unresolved large-scale scams.
Source: PANews