ETH Foundation clarifies $15M transfer came from Buterin-linked charity wallet

Buterin got the initial amount of 14.93 million USDC from Kanro, a charity affiliated with Buterin, on Oct. 14, and later accepted a transfer of the same quantity to a new multisig wallet. Kanro is a bio-tech charity moneyed by Buterin that intends to attend to Covid and other pandemic-related problems. This will be done under my entity Kanro with its multisighttps:// t.co/ qloGu4a4vKwhere @CryptoRelief_ and I are going to pay out the funds to.– vitalik.eth (@VitalikButerin) June 8, 2023

Different analysis from crypto information provider Lookonchain discovered that Buterin had also apparently moved almost $500,000 to Coinbase three days prior.vitalik.eth gotten 14.93 M $USDC from #Kanro 4 days ago and then deposited it into #Gemini yesterday before the first rise of $BTC. #Vitalik likewise deposited 500K $USDC into #Coinbase 2 days ago.What did he do with the $USDC?https:// t.co/ o3u5JjjapUhttps:// t.co/ Z69WG0xuNP pic.twitter.com/dwTt7tzHp8— Lookonchain (@lookonchain) October 17, 2023

Disclaimer: This post has been upgraded to reflect explanation from Ethereum Foundation that Buterin was a signer on a different multisig wallet transfer and did not straight send funds to Gemini.The Ethereum Foundation has shed light on a recent $15 million USD Coin (USDC) deal involving Ethereum co-founder Vitalik Buterin which gathered the attention of numerous blockchain tracking platforms. An Oct. 17 post from blockchain analytics firm PeckShield on X claimed that Buterins wallet, understood as “vitalik.eth” moved $14.93 million to Gemini crypto exchange on Oct. 16. An Ethereum Foundation spokesperson informed Cointelegraph that the transfer was nothing more than Buterins Ethereum Name Service (ENS) signing off on a transfer from a charity multisig wallet, and that funds never really left Buterins wallet. #PeckShieldAlert #vitalik. eth haas transferred ~ 15M $USDC (Multisig Contract 0xf207 … D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z— PeckShieldAlert (@PeckShieldAlert) October 17, 2023

The cost of Ethereums native currency, Ether (ETH), held steady following news of the transfer, falling simply 0.68% in the past four hours, according to cost data from CoinGecko.The cost of Ether (ETH) held flat following the news of the transfer. Source: CoinGeckoRelated: Ethereum losing streak vs. Bitcoin strikes 15 months– Can ETH rate reverse course?Buterins latest deal is the latest in a wave of transfers over the last couple of months, with the total transfers from Buterins wallets totalling more than $3.9 million in September.On Sept. 24, Buterin moved 400 ETH– worth $600,000 at the time– to Coinbase. Cointelegraph formerly reported a 600-ETH ($ 1 million) transaction from the vitalik.eth address on Aug. 21, which was also recognized by on-chain monitoring platforms.Magazine: Are DAOs impracticable and overhyped? Lessons from the front linesUpdate (8:45 am Oct. 17): This short article has actually been remedied to show that USDC was transferred to a seperate multi-signature wallet address and not straight to Gemini..