Coinbase Receives $600K in ETH from Vitalik Wallet

Vitalik Buterin’s Recent Crypto Deposits

Blockchain detectives have noticed a number of Ether (ETH) transactions from a wallet connected to Ethereum co-founder Vitalik Buterin in September 2023, totaling more than $3.9 million.

Different blockchain surveillance profiles reported a 400 ETH transaction, worth an estimated $632,000, from Vitalik’s wallet to Coinbase on Sept. 25.

According to Spot On Chain, Buterin’s most recent crypto transaction is the latest in a series of ETH deposits to centralized exchanges in the last 10 days. The blockchain analytics platform estimates Buterin has sent an estimated 2,421 ETH ($3.94 million) from Sept. 15 onwards.

The platform highlighted deposits amounting to 321 ETH deposited to Kraken between Sept. 15 and Sept. 19. Buterin also reportedly deposited a total of 1,700 ETH to Bitstamp in several transactions on Sept. 17 and Sept. 20 and deposited 500 ETH to Paxos on Sept. 19.

Crypto Crisis Latest: Ethereum Co-Founder Moves $4.9 Million

Cointelegraph has independently verified several transactions using access to Nansen 2 beta’s wallet profiler and blockchain data. It has been discovered that 2,000 ETH ($4.9 million) has been transferred from a wallet long associated with the Ethereum co-founder to the address responsible for these transactions.

Spot On Chain has revealed that the source of the 2,000 ETH transaction is a “better-known address” (0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7) belonging to Buterin, rather than the middle address (0x5567A4bE2D5b77F5Fd870f99Ed9167Feab8831B1) that has been sending funds to exchanges.

Cointelegraph previously reported a 600 ETH ($1 million) transaction from the vitalik.eth address on Aug. 21, which was also identified by on-chain monitoring platforms.