Vitalik's Suspected Address Depletes $1.07M STRK from StarkNet Grant
CryptoNewsTerminal Staff24 May, 2024
Vitalik's Suspected Address Depletes $1.07M STRK from StarkNet Grant
Ethereum Co-founder Vitalik Buterin's suspected address has siphoned 845,205 STRK ($1.07 million) from a dormant grant contract on StarkNet. This recent withdrawal was flagged by on-chain analytics firm Ember CN and could signal a potential distribution or sale of the funds. StarkNet is an Ethereum Layer2 ZK-rollup that offers faster and cheaper transactions while maintaining the security of the Ethereum blockchain. The withdrawn STRK tokens were initially allocated as part of a grant to foster the development of the StarkNet ecosystem. Buterin's involvement with StarkNet aligns with his active support for Layer2 scaling solutions.
