On Friday, August 30, blockchain data tracker Lookonchain revealed that Buterin transferred 800 ETH (worth about $2 million) to a multi-sig wallet. Shortly thereafter, the recipient's address exchanged 190 ETH for 477,000 USDC.
The latest transfer prompted a member of the crypto community on X to accuse Buterin of ignoring comments on its recent ETH transfer. Subsequently, another crypto community replied that there was nothing wrong with the Ethereum co-founder making some profits by selling off his ETH holdings.
However, Buterin responded to this supportive post on X, claiming that no ETH was sold for profit. He said: "I have never sold and kept the proceeds since 2018. All sales are used to support various projects that I find valuable, both within the Ethereum ecosystem and wider charities (e.g. biomedical R & D) "
Vitalik Buterin refutes claims of selling ether for profit
2024-09-01 18:25:50
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