Ethereum Foundation Moves $1.09 Million in ETH to External Wallet

The Ethereum Foundation has made a significant transfer of funds to an external wallet address. According to on-chain data, 566.27 ETH worth approximately $1.09 million was moved from the foundation's grant-distribution wallet to an unlabeled address.

This transaction is notable as it represents a substantial amount of Ether being transferred out of the Ethereum Foundation's control.

Separately, 2.62 ETH, valued at around $5,000, was sent to another address linked to the foundation. This address had previously sent funds to Upbit, but the purpose and recipient of these transactions remain unclear.