Vitalik Buterin: ‘I Haven’t Sold ETH for Personal Gain Since 2018’

Vitalik Buterin has dismissed reports that helium precocious sold his crypto holdings and claimed to person not “sold ether for idiosyncratic summation since 2018.” Buterin suggested to his followers that the reports often mistake his transportation of integer assets to charitable organizations arsenic income of his integer assets.

Transfers to Charitable Organizations

Vitalik Buterin, the co-founder of the Ethereum blockchain, has dismissed suggestions that helium precocious liquidated portion of his integer plus holdings. In a post connected the decentralized societal web Warpcast, Buterin told his followers to disregard reports which mistakenly reason that his donations to charitable organizations are income of crypto assets.

The remarks by Buterin came conscionable days aft media reports claimed that Kanro, a foundation affiliated with the Ethereum co-founder, had moved 15.43 cardinal USDC coins to a multi-signature wallet. In fact, arsenic indicated by data, Kanro made 2 transfers, 1 to Coinbase (500,000 USDC coins) and 1 to Gemini (14.93 million).

Last twelvemonth @CryptoRelief_ led by @sandeepnailwal allocated $100m to Covid probe projects I wanted to fund

Sandeep and I discussed and jointly concluded these and different projects are high-impact and request travel done grants. Hence we decided to enactment $100m much to these projects

— vitalik.eth (@VitalikButerin) June 8, 2023

In his June 8, 2023, station connected X (formerly Twitter), Buterin, who described Kanro arsenic his “entity,” spoke of his tendency to money Covid probe projects. At the time, Buterin revealed that Crypto Relief, a community-run fund, had “put successful 90M USDC from the archetypal $SHIB donation.” He past pledged to donate “10M of his ain funds.”

‘Clickbait’ Allegations

However, successful his Oct. 17 post connected Warpcast, the co-founder claimed not to person sold his ETH holdings successful the past 5 years. Buterin said:

“If you spot an nonfiction saying ‘Vitalik sends XXX ETH to [exchange],’ it’s not really maine selling, it’s astir ever maine donating to immoderate foundation oregon nonprofit oregon different project, and the recipient selling because, well, they person to screen expenses. I haven’t ‘sold’ ETH for idiosyncratic summation since 2018.”

Reacting to Buterin’s post, immoderate Warpcast users agreed with him that astir media reports person incorrectly characterized the donations arsenic disposals. Others accused the media of deliberately producing inaccurate reports conscionable truthful they tin make postulation to their sites. However, 1 idiosyncratic implied successful his station that Buterin had successful information admitted to indirectly selling a information of his ETH holdings.

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