Disclaimer: This article has been updated to reflect clarification from the Ethereum Foundation that Buterin was a signer on a separate multisig wallet transfer and did not directly send funds to Gemini.
The Ethereum Foundation has shed light on a recent $15 million USD Coin (USDC) transaction involving Ethereum co-founder Vitalik Buterin which garnered the attention of several blockchain tracking platforms.
On Oct. 17, posts from blockchain analytics firm PeckShield and Lookonchain on X both claimed that Buterin’s wallet, known as “vitalik.eth” transferred $14.93 million to the Gemini crypto exchange on Oct. 16.
However, an Ethereum Foundation spokesperson told Cointelegraph that the transfer was nothing more than Buterin’s Ethereum Name Service (ENS) signing off on a transfer from a charity multisig wallet to fund a grant, adding that the funds never actually left Buterin’s wallet.
#PeckShieldAlert #vitalik.eth haas transferred ~15M $USDC (Multisig Contract 0xf207…D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z
— PeckShieldAlert (@PeckShieldAlert) October 17, 2023
Kanro is a biotech charity funded by Buterin that aims to address COVID-19 and other pandemic-related issues.
This will be done under my entity Kanro with its multisighttps://t.co/qloGu4a4vK
where @CryptoRelief_ and I are going to disburse the funds to.
— vitalik.eth (@VitalikButerin) June 8, 2023
Related: Ethereum losing streak vs. Bitcoin hits 15 months — Can ETH price reverse course?
Buterin’s various crypto transfers have been in the limelight over the last several months, while transfers from Buterin’s wallets totaled more than $3.9 million in September.
On Sept. 24, Buterin transferred 400 ETH — worth $600,000 at the time — to Coinbase. Cointelegraph also reported a 600 ETH ($1 million) transaction from the vitalik.eth address on Aug. 21, which was also identified by on-chain monitoring platforms.
Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.
Magazine: Are DAOs overhyped and unworkable? Lessons from the front lines
Update (8:45 am Oct. 17): This article has been corrected to reflect details provided by an Ethereum Foundation spokesperson.