Ethereum Foundation Defends $96.9 Million Transfer Amid Criticism

On August 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction drew some criticism from the crypto community, with some voices expressing concern about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the transfer was (…)