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Ethereum co-founder transfers $41 million in ether to address on Kraken

Ethereum co-founder transfers $41 million in ether to address on Kraken

An Ethereum address reportedly controlled by Ethereum co-founder Jeffrey Wilcke has transferred 22,000 ether, worth $41.1 million, to an address on the Kraken exchange.

The transfer occurred roughly two hours ago. Multiple sources labeled the address as belonging to Wilcke, including analytics platforms Nansen and Arkham, The Block Research confirmed.

Wilcke’s address still holds over 150,000 ether, worth nearly $280 million.

As noted by crypto reporter Colin Wu, Wilke’s address hadn’t transferred ether out for 29 months, when 15,000 ether was transferred into Kraken.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Adam James


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