Ethereum community members rejected allegations that the Ethereum Foundation was behind a recent 56 million USD fund transfer to the lending protocol Sky, clarifying the wallet belongs to an early investor.

A wallet deposited 30,098 ETH, equivalent to 56 million USD, into Sky. This move helped avoid liquidation as Ethereum prices significantly dropped.

Notable figures like Eric Conner and Anthony Sassano stated the wallet in question does not belong to the Ethereum Foundation, emphasizing its connection to early Ethereum investors instead.