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Another dormant Ethereum wallet reawakens after 8 years, moving millions

Published 05/28/2023, 09:27 PM
Updated 05/28/2023, 11:00 PM

An Ether (ETH) wallet that has been inactive since Ethereum’s ICO (Initial Coin Offering) in 2015, has suddenly awoken after eight years of dormancy, moving a total of 8,000 ETH in just two minutes.

The wallet received the 8,000 ETH after participating in Ethereum’s ICO (Initial Coin Offering) in 2015 and remained inactive until May 27. On that day, its owner began with a cautionary transfer of 1 ETH to a new wallet. One minute later they transferred the remaining 7,999 ETH to the new wallet address.

Total allocation of token holdings in the owner’s new wallet. Source: DeBank.

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