Controversy arose when a transaction of 30,098 ETH was deposited into the lending platform Sky, sparking speculation about the Ethereum Foundation's involvement.
Several community members disputed the claim, stating that the wallet address used was associated with an early Ethereum investor, not the Ethereum Foundation.
The Ethereum Foundation has faced scrutiny for swapping ETH for stablecoins to pay salaries, leading to suggestions that they could be borrowing stablecoins to repay loans with ETH.
While the wallet address did receive a transfer from the Ethereum Foundation's ETH sale in 2022, it is more likely linked to an early ETH investor rather than the Foundation itself.