TraDove ico is currently open and so far they've collected over 3,000 ETH.
However, they're funnelling the funds via thousands of tiny wallets into Binance.
People are now requesting refunds: https://bitcointalk.org/index.php?topic=2288789.new
The ETH contribution address is:
0x90b12787fa2067ccb46f017f70c07529a562c6c9
If you do some digging through transactions you'll spot a pattern. Eth is being sent to staging wallets. Once a wallet reaches 100ETH, it is being split into 3 different wallets. Two of the three are large, about 98ETH total, and the third is the small remainder. In the new wallets for the two large amounts, the process repeats until it reaches 100 ETH, and again it splits.
What's interesting is where the small amounts are going. If you follow them, they bundle into wallets that reach about 4 ETH, then it goes to Binance.
Here's an example chain of transactions:
>From https://etherscan.io/address/0x90b12787fa2067ccb46f017f70c07529a562c6c9
>https://etherscan.io/tx/0x831ac669d2b567e0a31fb25f9e84ddecec01a302affb41959e9dd38abaa0cf42
>To https://etherscan.io/address/0xd27e3ee37894bbd9bee348a4c4839e5876a53b29
>https://etherscan.io/tx/0x8d5ed47414468e75039bc257c9256f4300e96377869b88cf6ee44211926b0daa
>To https://etherscan.io/address/0x79f7dbbfce4fd0749c7685a9f7808555828de127
>https://etherscan.io/tx/0xb012d82d68974c79153ea89d8386060dbf46324e5a0a8c09130bf6cb56c78c2d
>To https://etherscan.io/address/0xb7f274b8c1731187204e0b6d79fa5dbdb8ec44d0
>And then Finally to Binance:
https://etherscan.io/tx/0x22729aca88b59d2183426700524f5e0010ebda581f8468cf3d82a0e061982ade
We've heard arguments thats its "because of budgeting", "because of different projects", then its because of Coinbase.
But now it seems, that small amounts are being transferred into Binance in the end, around 4 ETH each.
It is interesting to note, that on Binance, you don't need a verified account for transferring of small amounts (24h Withdrawal Limit of 2 BTC).
This looks a bit suspicious and there doesn't seem to be any valid explanation so far.
But do your own research and make your own judgements
