SPOILER ALERT: It’s not to sell them, so lets not create any FUD here.
coinfeeds-bot on
tldr; The Ethereum Foundation moved over 160,000 ETH, worth approximately $610 million, to a multi-signature Safe Wallet as part of a scheduled migration. This transition from a custom-built multisig solution follows successful testing of Safe’s protocols since February. The move aligns with the Foundation’s updated treasury policy to enhance security and adopt decentralized finance strategies. Safe Wallet technology is widely used, including by Ethereum co-founder Vitalik Buterin, and secures over $65 billion in assets across multiple chains.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
namieorange on
Does ETH foundation move 600M everyday or this news just repeats everyday?
SeriousGains on
Time for your regularly scheduled dump ETH holders. Don’t forget to say thank you.
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SPOILER ALERT: It’s not to sell them, so lets not create any FUD here.
tldr; The Ethereum Foundation moved over 160,000 ETH, worth approximately $610 million, to a multi-signature Safe Wallet as part of a scheduled migration. This transition from a custom-built multisig solution follows successful testing of Safe’s protocols since February. The move aligns with the Foundation’s updated treasury policy to enhance security and adopt decentralized finance strategies. Safe Wallet technology is widely used, including by Ethereum co-founder Vitalik Buterin, and secures over $65 billion in assets across multiple chains.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Does ETH foundation move 600M everyday or this news just repeats everyday?
Time for your regularly scheduled dump ETH holders. Don’t forget to say thank you.