566.27 ETHS, VALUED AT ABOUT $1.09 MILLION, WERE TRANSFERRED FROM THE ETHERWOOD FOUNDATION

On 10 August, Onchain Lens monitored the transfer of 566.27 ETHs, valued at approximately $1.09 million, from its Grants wallet to an unmarked address. In addition, 2.62 ETHs, valued at approximately $5,000, were transferred to another address by the association address of the Taifung Foundation. This address had previously transferred funds to Upbit. The data show that the transfer was made from the name of the Taifung Foundation Grants wallet (0x9eE.313D). Currently, the identity of the anonymous address to receive $10.9 million ETH has not been confirmed and the Foundation has not publicly disclosed the use of the funds. Communities speculated that the transfer might be related to ecologically funded projects, developer support or other foundation operations, but the specific purpose needed to be further identified。