TRX Wallet Address Balance Dropped by 99% in Two Days

By Andy Hao

Trdot Wallet (trxwallet.net), which claims to be backed by Tron, was launched less than four months ago. Its balance peaked at 1.2 billion TRX on February 4 and slid to 775 million TRX on February 13.


Trdot is one of many wallets where investors store cryptocurrency. It has attracted a comparatively high number of deposits because it promises a high-interest return.


There is one Trdot Wallet address (TRWkuqvtjc6FXsbJhpnJNG7bB6CAwu6dfM) on the TRON blockchain, and this is presumably where investors’ money is being stored.


The chart below shows the changes in TRDot Wallet’s TRX balance and TRX price from November 2018 to February 2019.


2B464A39-8177-4722-A6D5-8A6798A443CA.png


Since March 18, though, there appear to be large withdrawals from that Trdot Wallet address. The TRX balance of the address dropped from 685 million TRX to approximately 2 million TRX in two days. That's a total withdrawal of USD$15 million based on the current TRX price.

trxeng2.png


We analyzed the blockchain data and found that these TRX were transferred to 10 new addresses, as follows:


Address

TRX Balance

TXWh6hxKQDCnjjAYr4ZYMgwYt9s1qAnb4T

68,894,977

TYbeJfCHP467drj7TgAyoN3uEWNjiV7174

39,112,962

TC5jNqmmwUSZCxo1HJTH4LJkmM4qsUzKEB

68,498,935

TUCPnZDytSvwoAmfvw5QAue4uu9Yy1iT2a

68,491,523

TQCUud97wWNVoUG87YXA6RpewmftDHLok3

68,495,792

TQfUupcsr6dNNeKKoWxp8fsSmESZQWQztR

68,496,745

TWC4WsAYtrPaJRLRQLPct6u9W4HZQAoovJ

68,488,278

TJb65QmvCikPuaHRsfjLwdn6TGUFNBkCMx

68,492,044

TNH2gWaLnJWCnXTXDryxiarZN8zNChYAP1

68,494,487

TGh7rVPUa8nNAnnkhF4HutyUx5vgN66sMj

68,504,628



From transfers between these addresses, it can be inferred that they likely belong to the same entity.


The question is, will these funds ever return? Who controls these ten accounts? Trdot Wallet did not immediately reply to our request for comment. LongHash will continue to monitor the flow of funds at this address and alert investors to potential risks.



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