RATE Group | Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange
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Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange

27 Dec Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange

Posted at 01:20h in Cryptocurrency News by

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Ethereum (ETH) co-founder and core developer, Jeffrey Wilcke, has reportedly sent 92,000 ETH ($11.5 million) to U.S. cryptocurrency exchange Kraken on Dec. 25.

While Cointelegraph reported early today about concerns that Ethereum co-founder Vitalik Buterin could be planning to sell $25 million worth of the cryptocurrency, a tweet sent by Jeffrey Wilcke indicates otherwise.

Source Twitter

Wilcke, whose GitHub shows he is the co-founder of Grid Games, made the claim that he needs the money to fund his game.

The proof is in the blockchain

In addition to Wilcke’s tweet, sources show that an ETH address registering the name of Jeff Wilcke moved 90,000 ETH to Kraken in full.

In January 2016, an account funded by the Ethereum Foundation dev wallet moved 408,000 ETH to an ox600 address. Between January 2016 and the end of this year, the address shows continual selling and movement of funds, yet this decreases sharply on Dec. 25.

While the address still has 218,000 ETH ($27 million), 90,000…

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