Golem Multi-Sig Address Transfers 650 ETH ($1.72M) to Coinbase

IconCryptoNewsTerminal Staff12 Aug, 2024

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Golem Multi-Sig Address Transfers 650 ETH ($1.72M) to Coinbase

Golem's multi-signature address has transferred 650 Ether (ETH), valued at approximately $1.72 million, to a Coinbase address, according to data from blockchain analytics firm ARKAM. The transaction occurred 21 minutes ago from an address beginning with 0x195a. The reasons behind this significant transfer remain unknown, and no official statement has been released by the Golem team at the time of writing. We will continue to monitor the situation and update this article as new information becomes available.