EOS is a ERC20 token which is currently sold for ETH. 2 million EOS are sold every 23 hours for about 20K ETH as seen on https://eos.io/distribution/
However, what puzzle me is that when I do a transaction scan on etherscan using (http://api.etherscan.io/api?module=account&action=txlist&address=0xd0a6E6C54DbC68Db5db3A091B171A77407Ff7ccf&startblock=0&endblock=99999999&sort=asc&apikey=***) I find that there were no spend transaction because the address only appear in the "to" field and never in the "from" field.
So, I am assuming all the ETH should still be in the same wallet. Their website report there should be at least 3.3M ETH (excluding the first token sale), however https://etherscan.io/address/0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf shows there are only 31K ETH.
QUESTION: What happened to the other 3.2M ETH tokens? Is there another way to spend/hide/move ETH in a wallet so that it won't register as a public spend transaction?
(DISCLAIMER: I am not trying to cause FUD or promote token sales. I am only trying to understand how the ETH technology work and use the EOS distribution as a real world example.)