Key Takeaways:
- A previously dormant wallet, possibly linked to the Ethereum Foundation, transferred around $290 million in Ether after seven years.
- Approximately 92,500 Ether was moved from the address on July 25, as reported by Arkham Intelligence.
- The Ethereum Foundation’s involvement in this transaction is not confirmed, and the funds remain unmoved from the recipient address.
A previously inactive wallet, potentially linked to the Ethereum Foundation, has transferred about $290 million in Ether after seven years of dormancy.
Blockchain analytics platform Arkham Intelligence reported that on July 25, an address likely associated with the Ethereum Foundation moved approximately 92,500 Ether.
🚨BREAKING: WALLET LINKED TO THE ETHEREUM FOUNDATION MOVES 92,000 $ETH ($289M) AFTER 7 YEARS
— BSCN Headlines (@BSCNheadlines) July 25, 2024
Etherscan data confirms that the transferred funds had not been moved from the recipient address as of the time of publication.
The direct involvement of the Ethereum Foundation in this transfer remains unclear.
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