Ethereum Foundation Wipes Hands of Dormant 92k ETH Transaction
CryptoNewsTerminal Staff25 Jul, 2024
Ethereum Foundation Wipes Hands of Dormant 92k ETH Transaction
Ethereum Foundation distances itself from the 92,500 ETH ($290 million) external transfer from an address that had been dormant for seven years on Friday. The wallet first received 96,474 ETH (worth about $130,000 at the time) from the Ethereum Foundation on Sept. 1, 2015 and had remained dormant since funds were moved out seven years ago under a label simply marked ‘unlabeled.’