Advertisement
AD

Main navigation

Ethereum's Vitalik Buterin Ends Speculation on His Mysterious ETH Transfers

Advertisement
Wed, 18/10/2023 - 8:06
Ethereum's Vitalik Buterin Ends Speculation on His Mysterious ETH Transfers
Cover image via www.youtube.com
Read U.TODAY on
Google News

In a move to dispel rumors and speculations surrounding his recent Ethereum (ETH) transfers, Vitalik Buterin, the renowned founder of the Ethereum blockchain, took to social media to address the growing concerns of the crypto community.

Advertisement

In a tweet, Buterin clarified the nature of the transactions, asserting that any reports indicating his personal selling of ETH were misleading. He clarified that these transfers were primarily charitable donations made to organizations and projects, necessitating liquidation to cover operational expenses.

I haven't "sold" ETH for personal gain since 2018 - Vitalik Buterin

The Ethereum founder's message comes in response to growing confusion within the cryptocurrency community regarding the nature of these transfers. Many perceived them as sell-offs, which led to bearish sentiments on the market.

Advertisement

Related

A notable example emerged recently when Kanro, a charity closely affiliated with Vitalik Buterin, made substantial transfers of approximately 15.43 million USDC. Out of this total, 500,000 USDC found its way to Coinbase on Oct. 14, while a substantial 14.93 million USDC was sent to Gemini on Oct. 16.

Buterin had previously introduced Kanro on June 9, 2023, highlighting that it primarily receives funding from Crypto Relief, led by the Polygon founder and Buterin himself. Kanro's mission revolves around researching global solutions for the pandemic and potential future epidemics.

Related

Despite Buterin's attempts to clarify the situation, the enigmatic nature of his recent activities continues to raise eyebrows. While some questions have been answered, a lingering air of mystery surrounds his transactions, leaving many intrigued. As the crypto world speculates about motives, it seems there might be more to this story than meets the eye.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD