ENS whale resurfaces after almost 3 years to snag 40K ETH windfall

This move came from the owner of darkmarket.eth, the most valuable domain on ENS

article-image

Tory Kallman/Shutterstock modified by Blockworks

share

After more than two years of inactivity, an Ethereum Name Service (ENS) whale has resurfaced to claim millions in ETH.

The account holder, which owns the famed “darkmarket.eth” ENS domain among others, recovered 39,712 ETH early on a recent Monday morning, worth approximately $74 million at time of publication.

These funds were initially locked as a bid when the domain was purchased through ENS, and they have been unclaimed for years. The account holder then transferred part of these reclaimed funds — 63,734 ETH, worth roughly $118 million at time of publication — to a different Ethereum address.

Loading Tweet..

ENS founder Nick Johnson clarified in a tweet from February 2021 that the initial deposit of close to 40,000 ETH was made during the first two years of ENS’ operation.

Johnson had tried appealing to the user, and he directed them to where they could reclaim the funds at that time. Now that the individual appears to have done just that, Johnson seized the opportunity to provide further guidance to other users on how they can retrieve their own locked-up ether.

Loading Tweet..

When Blockworks asked Johnson what he made of this situation, he said he couldn’t offer much in the way of specifics on the whale.

“I’m as intrigued as you!” he responded via email. “I’ve never had direct contact with them, and I’m very curious as to what made them suddenly come back to life.”

According to a 2021 Protos report, darkmarket.eth sold in 2017 for 20,103 ETH, which was worth about $5 million at the time, or $37 million at current prices.

The whale’s reclaimed funds also included earnings from other domains they own. Among these is the second most expensive ENS domain to date — openmarket.eth — currently valued at over $18 million. Other notable domains associated with this whale include silkroad.eth, openexchange.eth, and payment.eth, according to Protos.

Updated July 31, 2023 at 2:47 pm ET: Added comment from ENS founder Nick Johnson.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg

Research

The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.

article-image

Fifteen million daily failed transactions disappeared from Solana

article-image

FTX debtors will pay the IRS $200M, with an outstanding lower priority claim of $685M

article-image

I’ve come to the realization that more attention is needed to create and sculpt the digital spaces where we live

article-image

The NYSE went down yesterday after a glitch caused a string of erroneous trades. Does DeFi fix this?

article-image

Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral

article-image

Sponsored

Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM