Ethereum co-founder Vitalik Buterin denied accusations that he sells ETH for personal profit, explaining that all sales are intended to support various projects and charities.
Buterin addresses accusations
Vitalik Buterin stated that all ETH sales since 2018 have been supporting projects and charities. He cited biomedical research and development as an example.
Recent transactions
Recently, Buterin transferred 800 ETH (approx. $2.01 million) to a multisig wallet, which subsequently swapped 190 ETH for 477,000 USD Coin. This attracted the attention of the crypto community, and some assumed that Buterin was dumping his ETH.
Explaining the positions
Buterin clarified that the ETH sales were not for personal profit, but for covering expenses of donation recipients. He emphasized that 90% of his net worth is in ETH, proving his commitment to the digital asset.
Buterin emphasizes that his actions are motivated by a desire to support developing projects and charities, not personal profit, which is evidenced by his numerous donations to various causes.
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