According to a Twitter user named Truth Labs, the Chinese Communist Party (CCP) has overarching influence in the Ethereum network. A forensic researcher has suggested that Chinese investors may own the vast majority of ether (ETH) in circulation via a raft of agents.
Ethereum has ties to China, including ex-Alibaba partners, a director who worked on Chinese-language apps, interest from the Bank of China, and a unique translation of the #ETH whitepaper into Mandarin. Wanxiang Blockchain Labs, a Chinese investment firm, is one of the largest investors in Ethereum.
The identity of Ethereum whales that hold a significant volume of #ICO funds remains shrouded in mystery, and allegations of Chinese control continue to circulate. In 2018, researchers discovered a large Twitter botnet pushing an Ethereum scam, which had a hierarchical structure with a division of labor among the bots. However, it is important to note that these are allegations and rumors, and there is no concrete evidence to support them.
