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Wallet Suspected to be Linked to Ethereum Foundation Transfers Over 92,000 ETH After 7 Years of Hibernation

According to blockchain analytics platform Arkham data, about three hours ago, an address possibly associated with the Ethereum Foundation transferred more than 92,000 ETH, worth about $290 million, after being dormant for seven years. The tokens have been stored at the same address since 2017. Etherscan data shows that as of press time, funds have not been transferred from the collection address, and it is unclear whether these fund transfers are the responsibility of the Ethereum Foundation.