Dormant Ethereum ICO Wallet Awakens, Moves $2.82M to Coinbase

A wallet from Ethereum’s 2015 initial coin offering reactivates after 10 years, transferring millions in gains to crypto exchange Coinbase.

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Terms & Concepts
  • Ethereum ICO: The initial coin offering conducted by Ethereum in 2015 to fund the blockchain's development, allowing investors to buy Ether before launch.
  • Coinbase: A major U.S.-based cryptocurrency exchange used for buying, selling, and storing digital assets.
  • Blockchain Wallet: A digital tool that stores private keys and enables transactions on a blockchain network.