According to BlockBeats, on January 21, Ethereum Foundation staff member hww.eth (@icebearhww) announced on social media that the Ethereum Foundation has set up a new 3-of-5 multisignature wallet. The foundation has funded this wallet with 50,000 ETH and plans to use it to engage with the DeFi ecosystem. The foundation has already conducted test transactions on Aave using this new wallet.