The Ethereum Foundation has cleared up confusion about its recent transfer of 35,000 ETH, worth around $94 million, to the Kraken exchange.Â
Aya Miyaguchi, the Foundation’s Executive Director, explained on X that the move was part of a planned strategy to convert some of its crypto holdings into cash. The funds are needed for grants, salaries, and other expenses, especially for those who prefer traditional currency over crypto payments.
This transfer has sparked worries within the Ethereum community, leading to rumors and questions about the Foundation’s financial…
