Key Takeaways:
- Vitalik Buterin clarifies ETH sales: Ethereum co-founder Vitalik Buterin stated that his recent ETH sales were aimed at supporting crypto projects and charitable causes, not personal profit.
- $2M ETH transaction explained: Buterin responded to accusations of selling 3,000 ETH, emphasizing that proceeds since 2018 have been used exclusively for ecosystem development and philanthropy.
- Defense of Ethereum’s DeFi commitment: Buterin reaffirmed Ethereum’s dedication to decentralized finance, stressing the importance of sustainable, permissionless applications.
Ethereum co-founder Vitalik Buterin recently addressed allegations of profiting from Ether (ETH) sales, clarifying that these sales were made to support crypto projects and charitable causes rather than for personal gain.
On August 30, a crypto community member accused Buterin of selling over $2 million worth of ETH, with an on-chain analysis showing 3,000 ETH linked to Buterin.
vitalik.eth(@VitalikButerin) transferred 800 $ETH($2.01M) to a multisig wallet again 40 minutes ago.
— Lookonchain (@lookonchain) August 30, 2024
The multisig wallet swapped 190 $ETH for 477K $USDC later.
On Aug 9, #Vitalik also transferred 3,000 $ETH($8.04M) to this multisig wallet.https://t.co/81Vf39bvbL pic.twitter.com/6IlwtcqvPg
Buterin responded, emphasizing that he hasn’t kept any proceeds from ETH sales since 2018, instead using them to fund projects within the Ethereum ecosystem and broader charitable efforts.
His response was met with widespread support, with many encouraging him to profit from his contributions.
I haven't sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity (eg. biomedical R&D)
— vitalik.eth (@VitalikButerin) August 31, 2024
Additionally, Buterin defended Ethereum against critiques regarding its commitment to decentralized finance (DeFi), reaffirming the blockchain’s dedication to useful, sustainable applications that align with its principles of permissionlessness and decentralization.
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