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Ethereum Foundation transfers $2.45 million in ETH to unlabeled Gnosis Safe wallet

  • Ethereum Foundation sent ETH to an unlabeled Gnosis Safe multisignature wallet.
  • Approximately $2.45 million in ETH was transferred, according to Arkham monitoring.
  • The destination’s control by the foundation remains unclear.

The Ethereum Foundation transferred ETH worth about $2.45 million to an unlabeled Gnosis Safe multisignature wallet (a wallet requiring multiple approvals). Arkham said it remains unclear whether the wallet is controlled by the foundation. The foundation address still held approximately $235.46 million in ETH and $23 million in USDC.

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