Ethereum Foundation wallet moves 92K ETH after 7 years

Turner Wright7 hours agoEthereum Foundation wallet moves 92K ETH after 7 yearsThe Ether, worth roughly $290 million at the time of publication, had been at the same address since 2017.3135 Total views2 Total sharesListen to article 0:00Breaking newsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksA wallet associated with the Ethereum Foundation has transferred roughly $290 million in Ether after seven years of no movement.

According to data from blockchain analytics platform Arkham Intelligence, an address potentially connected to the Ethereum Foundation moved roughly 92,500 Ether (ETH) on July 25. According to Etherscan, the funds had not moved from the recipient address at the time of publication.

It’s unclear whether the Ethereum Foundation was responsible for moving the funds. Cointelegraph reached out to a spokesperson for comment but did not receive a response at the time of publication.

This is a developing story, and further information will be added as it becomes available.# Business# Wallet# Ethereum# Transactions# FoundationAdd reaction