Ethereum’s Jeffrey Wilcke sold 92K ETH; Ethereum Name Service doxxes him

Ethereum s Jeffrey Wilcke sold K ETH Ethereum Name Service doxxes him

Co-founder of Ethereum Jeffrey Wilcke sold 92K ETH and in the process doxxed himself due to the underlying Ethereum Name service domain. The transaction is said to be worth over eleven million dollars ($11M). The issue of revealing a person’s identity with Ethereum Name Service is getting popular, and now with Jeffrey Wilcke case, it will get more prominent.

On 25th December 2019, Kraken reported that close to 92,000 ETH was received from an ETH Foundation dev wallet. These ETH were from the Ethereum’s ICO stage belonging to the pre-mine era.

Jeffrey Wilcke sold 92K ETH only to be doxxed by Ethereum Name Service

The transaction was traced back to its Ethereum Name Service domain. Interestingly, this service was popularized by the very ETH founders. It allows the long wallet addresses to be converted into easy-to-remember names. Unfortunately, the same technology worked to bust his privacy during his latest transaction.

The controversy surrounding ENS is now gaining massive proportions. Currently, Ethereum holders link their .eth domains with their social media accounts such as Twitter and Facebook. If not careful, it can compromise their privacy and reveal their wallet addresses. Considering a top-level Ethereum developer messed up in such a manner, so can anyone.

Once Jeffrey Wilcke sold 92K ETH yesterday, the public backlash started immediately. Twitter users started their criticism, saying such a huge payout for the co-founders can also represent abandoning of the project. Some said that initial owners did very less work compared to the latter ones who are being paid much less. Many even asked him to use the money to help the ETH community.

Jeffrey worked with Mihai Alisie, Vitalik Buterin and other co-founders during the early days of ETH. He is known to have co-developed Geth, an Ethereum client. Like all early birds, all the co-founders have been rewarded handsomely. When Jeffrey Wilcke sold 92K ETH yesterday, the sale did not have any immediate impact on the ETH prices.

Image Source: Pixabay

Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related News

Hot Stories

Binance Coin price analysis: BNB continues ascent to boost above 200-DMA
Genesis is being investigated by U.S. state regulators: Report
Ethereum price analysis: Bullish momentum starts building as ETH remains above $1,200
Bitcoin price analysis: BTC consolidates above $16,500, with swift upside ahead
Weekly crypto price analysis 26th Nov: BTC, ETH, XRP, BNB, ADA, DOGE

Follow Us

Industry News

Weekly crypto price analysis 26th Nov: BTC, ETH, XRP, BNB, ADA, DOGE
All about Prada's new NFT collection
3air: An Exciting Way for the Unbanked to Enter the World of Crypto
MicroStrategy, Micheal Saylor, and their Bitcoin Bet
Another Sign of Danger: 7-year-old 10,000 BTC moved

Add Your Heading Text Here