Controversy Surrounded an Ethereum Transaction, Worth 30,098 ETH, When Deposited into a Lending Platform Called Sky

Controversy surrounded an Ethereum transaction, worth 30,098 ETH, when deposited into a lending platform called Sky, because many speculated that the Ethereum Foundation (EF) was

A large Ethereum transaction, amounting to 30,098 ETH and deposited into lending platform Sky, sparked speculation about the Ethereum Foundation (EF) engaging in lending activities to pay their bills.

However, key members of the Ethereum team, including Eric Conner, quickly dispelled these claims, suggesting that the wallet address in question belonged to an early investor.

The deposit, valued at approximately $56 million, raised eyebrows as it coincided with discussions about the EF needing to raise liquidity without selling Ethereum tokens.

Conner intervened in a thread where many speculated about the EF being involved with lending. Expressing surprise at the claims, Conner stated that the addresses used were not linked to the Ethereum Foundation.

“This is the address used to fund the primary 'suspect' addresses. It is more likely an early investor than a foundation member. The wallet received a transfer from the Ethereum Foundation's ETH sale in 2022 and is now attempting to avoid liquidation by lending tokens this week.”

Arkham Intelligence tagged the initial transfer of 30,098 ETH as "Ethereum structure?," further fueling speculation about the EF's involvement with the wallet address.

Moreover, community members had suggested a way to address the EF funding concerns was by borrowing stablecoins against Ethereum using Aave. In February, the EF distributed around $120 million over Compound, Aave, and Spark lending platforms. The Ethereum community celebrated the move because they had suggested, after the funding debates, that EF should use lending platforms to pay wages.

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