160,000 ETH Worth $655M Moved from ETHDev to Unknown Wallet

A large Ethereum transfer from ETHDev to an unidentified wallet has been recorded, totaling over $655 million in value.

ETH

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Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • Wallet: A digital storage system for cryptocurrencies that can be identified by a unique address on the blockchain.
  • Blockchain Transaction: A recorded transfer of cryptocurrency between addresses on a blockchain, verified and stored in a distributed ledger.