According to Odaily, the Ether.fi Foundation announced on the X platform that it will transfer ETHFI to a separate multisig wallet within the next two days. This move aims to better isolate the foundation's funds and provide greater transparency to the community.

The foundation's decision to use a multisig wallet is part of its ongoing efforts to enhance security and accountability. By isolating the funds in a dedicated wallet, the foundation seeks to ensure that the community can easily track and verify the holdings. This step is expected to build trust and confidence among stakeholders, as it demonstrates a commitment to openness and responsible fund management.

The transition to a multisig wallet is a significant measure in the foundation's strategy to safeguard its assets. Multisig wallets require multiple signatures to authorize transactions, adding an extra layer of security. This approach minimizes the risk of unauthorized access and potential misuse of funds. The foundation's proactive stance on transparency and security reflects its dedication to maintaining the integrity of its operations and fostering a trustworthy environment for its community members.