![Whale With Ethereum Foundation Link Transfers 92,500 ETH Worth 8M Whale With Ethereum Foundation Link Transfers 92,500 ETH Worth 8M](https://static.news.bitcoin.com/wp-content/uploads/2024/07/hwwhalers-768x432.jpg)
The Ether, worth roughly $290 million at the time of publication, had been at the same address since 2017.
A wallet associated with the Ethereum Foundation has transferred roughly $290 million in Ether after seven years of no movement.
According to data from blockchain analytics platform Arkham Intelligence, an address potentially connected to the Ethereum Foundation moved roughly 92,500 Ether (ETH) on July 25. According to Etherscan, the funds had not moved from the recipient address at the time of publication.
It’s unclear whether the Ethereum Foundation was responsible for moving the funds. Cointelegraph reached out to a spokesperson for comment but did not receive a response at the time of publication.
In a strange turn of events, a phishing scammer has returned a large portion of funds it stole from a victim last September.
A phishing scammer has suddenly returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September.
First noticed by Scam Sniffer on July 13, the scammer used Dai (DAI) stablecoin to return the funds across two transactions last week.
The first transfer saw $5.23 million returned on July 8, while another $4.04 million was sent on July 13 at 12:06 pm UTC, Etherscan data shows.
Which cryptocurrency wallets are good alternatives to MetaMask?
Since the inception of cryptocurrencies, a plethora of crypto wallets have emerged, with one of the most popular being the MetaMask browser extension wallet from software technology firm Consensys.
Launched in 2016, MetaMask is now the most popular wallet for interacting with decentralized finance (DeFi).
MetaMask owes much of its popularity to its ease of use and wide range of functionalities.
A victim who claims to have lost $1.7 million said a scammer called them claiming to be from Coinbase and sent emails that looked like they came from the crypto exchange.
At least three Coinbase users and one crypto user have reported being targeted by Coinbase-impersonating scammers in the past week, with one victim claiming to have been swindled out of $1.7 million.
Edge & Node co-founder Tegan Kline shared to X on July 7 an explainer from a “good friend” who had their self-custody wallet drained of $1.7 million a day prior after a scammer tricked them into sharing part of their seed phrase.
The victim said the scammer called claiming they were from Coinbase’s security team and sent the victim an email that appeared to be from Coinbase that verified the victim was “speaking to an official representative at Coinbase.”
Choosing a crypto wallet can be intimidating for newcomers. Which wallet is the easiest to use and the safest for storing digital assets?
Being in control of your own assets — having total freedom of how and to whom they are sent — is a foundational tenant of cryptocurrencies.
Today, over 10,000 cryptocurrencies exist on a multitude of blockchains. With the increased adoption and proliferation of digital assets, crypto users have more options than ever regarding how they store their assets.
However, there are trade-offs to consider: Hot wallets, those connected to the internet, are convenient for making frequent transactions but are more susceptible to hacks.