Eric Conner, the co-author of Ethereum Improvement Proposal (EIP-1559), called a Wu Blockchain report “completely fake,” implying that the address doesn’t belong to the EF. Anthony Sassano, host of The Daily Gwei, also cited the report, saying that the wallet does not belong to the EF. Source: Anthony Sassano Ethereum wallet likely from an early investorWu Blockchain later clarified that while the account was suspected of belonging to the Ethereum Foundation, transaction history suggested it was more likely associated with an early Ethereum investor.
Crypto intelligence platform Arkham labeled the address “Ethereum Foundation? ,” raising speculation that the EF may have moved funds into the lending protocol — a strategy recommended by the community — instead of directly selling ETH to fund its operations. However, community members quickly dismissed the claims, clarifying that the wallet in question does not belong to the Ethereum Foundation.
Related: Ethereum Foundation forms external council to uphold core blockchain valuesEthereum Foundation deployed $120 million into DeFi protocolsWhile the recent deposit into Sky was not linked to the Ethereum Foundation, the EF has faced criticism in the past for selling ETH for stablecoins to fund team salaries and operations.
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Author / Journalist: Cointelegraph by Ezra Reguerra
The story "Ethereum Foundation not behind $56M Sky deposit, developer says" has 477 words across 20 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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