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Last updated:
August 9, 2024 04:53 EDT
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Sujha Sundararajan
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Sujha Sundararajan
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Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.
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Last updated:
August 9, 2024 04:53 EDT
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Ethereum co-founder Vitalik Buterin has transferred 3,000 Ether (ETH) to a multi-signature safe wallet, few hours ago. The amount transferred is worth $8 million at press time.A Buterin-linked wallet first transferred 0.1 ETH to a wallet for testing, before sending 3,000 ETH. According to Look On Chain data, the transfers could be a possible donation from Buterin.Per Etherscan, the transaction has attracted around 0.1 ETH in gas fees (about $270). The transfer comes in line with Buterin’s 3,000 ETH move to vitalik.eth wallet on August 5.Multi-sig wallets are one of the most advanced security-enhancing tools. It utilizes multiple private keys to access cryptocurrency assets or transfer them. Buterin’s transaction to a multi-sig shows his advocacy for privacy and security.Currently, Vitalik.eth wallet holds just over 400 ETH, valued at $1 million, Etherscan revealed. On August 5, the wallet’s total holdings were reported to be 245,233 ETH, having a market price of $571.72 million.On the same day, the Ethereum co-founder sold all 17.145 billion Neiro tokens that he received from the Neiro team, which he converted to 44.53 ETH, equivalent to $112.5K at the time.Vitalik Buterin’s Recent ETH DonationsThis isn’t the first time Buterin has transferred to a multi-sig wallet, suspected to be a donation. In July, the crypto entrepreneur made a donation of 100 ETH to 2077 Collective, a community-based organization focused on promoting Ethereum adoption.Arkham Intelligence reported that the transfer, valued at approximately $300,000 at the time, was sent to a multi-signature wallet.
Ethereum co-founder vitalik.eth transferred 100 ETH worth about $300,000 to the multi-signature contract: 0x82…a9FE at 19:44 UTC+8 today, which is suspected to be a donation to 2077 Collective. 2077 Collective is a community-driven organization dedicated to promoting Ethereum…— Wu Blockchain (@WuBlockchain) July 6, 2024
Previously, he also supported the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm, by donating 30 ETH.The on-chain data revealed that the donations came from the vitalik.eth address on May 30.
