Blockchain investigators have raised concerns over a series of Ethereum (ETH) transactions originating from a wallet linked to Vitalik Buterin, one of the co-founders of Ethereum, in September 2023. These transactions collectively amount to a staggering $3.9 million.
On September 25th, a distinct 400 ETH transaction from Vitalik’s wallet to Coinbase was scrutinized by various blockchain monitoring profiles.
The estimated value of this transaction was approximately $632,000. In a tweet, the transaction was succinctly summarized: “@VitalikButerin deposited 400 $ETH to #Coinbase at $1,579 ($632K) 2hrs ago.”
What’s particularly noteworthy is that over the past ten days leading up to this transaction, Vitalik Buterin has deposited a total of 2,421 ETH, valued at $3.94 million, into multiple centralized exchanges.
Spot On Chain, a blockchain analytics platform, provided these insights.
Spot On Chain also highlighted that this recent deposit is part of a broader trend.
It revealed that Buterin had initiated a sequence of ETH deposits into centralized exchanges starting from September 15th, amassing an impressive 2,421 ETH, equivalent to $3.94 million.
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Among these deposits, 321 ETH were sent to Kraken between September 15th and September 19th. Furthermore, several transactions involving a total of 1,700 ETH were made to Bitstamp on September 17th and September 20th, while an additional 500 ETH was deposited to Paxos on September 19th.
In an effort to independently verify these transactions, Cointelegraph used Nansen 2 beta’s wallet profiler. The blockchain data unequivocally corroborated the validity of these transactions.
Additionally, it unveiled that a substantial 2,000 ETH, worth $4.9 million, had been transferred to the address responsible for these transactions.
This address has long been associated with Vitalik Buterin.
Spot On Chain further noted that the source of the 2,000 ETH transaction is a more well-known address, identified as 0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7, belonging to Vitalik Buterin, compared to the middle address, 0x5567A4bE2D5b77F5Fd870f99Ed9167Feab8831B1, which had been facilitating the transfer of funds to exchanges.
This development comes in the wake of a prior on-chain monitoring discovery where a 600 ETH ($1 million) transaction from the address “vitalik.eth” on August 21st had also raised eyebrows.
Clearly, Vitalik Buterin’s Ethereum transactions continue to captivate the blockchain community’s attention, sparking curiosity and speculation.
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