Ethereum Co-Founder Transfers 800 ETH in New Multi-Sig Move

IconCryptoNewsTerminal Staff29 Aug, 2024

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Ethereum Co-Founder Transfers 800 ETH in New Multi-Sig Move

Vitalik Buterin, the co-founder of Ethereum, recently made a significant transaction involving 800 ETH. According to blockchain analytics firm Lookonchain, the funds were transferred to a multi-signature wallet from an address presumed to belong to Buterin. Further analysis revealed that 190 ETH was subsequently swapped for approximately 477,000 USDC. The transaction highlights the recent trend of Ethereum whales moving their tokens into multi-signature wallets for enhanced security.