- Crypto expert Mr. Huber raises doubt about Vitalik Buterin’s response to the recent transactions on Kanro.
- Data trackers on Tuesday flagged several transactions from Kanro, running into $15 million USDC.
- Buterin claims not to have sold ETH for personal gains since 2018, with most going to charity and non-profit.
Renowned crypto expert Mr. Huber, in a tweet on X, raised doubts about transparency within the second-largest cryptocurrency network, Ethereum, after founder Vitalik Buterin, in a transparency-geared move, cleared the air about recent transactions from a charity organization he is affiliated with.
As earlier reported by CoinEdition, Kanro, a biotech charity, raised ears after the organization made successive transfers of over $15 million USDC on October 17, which data trackers took notice of and reported. Following the reports, Buterin posted on Warpcast – a decentralized social platform – about the transactions, which Wu Blockchain referenced in a tweet.
Buterin claims not to have sold any ETH for personal gains since 2018. “It is not me selling,” he said. He continued that any transaction from his wallet is often either for “charity or nonprofit or any other projects.”
However, many crypto community members, including Mr. Huber, didn’t buy into Buterin’s explanations. In an ironic remark, Mr. Huber tweeted: “As I always say, .eth billionaires are actually poor, they never sell, they decentralize holdings distributing and donating to other people and unbanked people.”
Another user responding to Mr. Huber’s tweet likened Buterin’s statements to politicians funneling funds about charities. He added: “Have to love our rich crypto rebels which are “replacing the old corrupt system” so hard.”
Meanwhile, an Ethereum Foundation spokesperson reportedly confirmed that the $15 million USDC transfer was nothing more than Buterin’s Ethereum Name Service (ENS) authorizing a transfer from a multisig wallet to help fund a grant. He went on to say that the funds never left Buterin’s wallet.
Buterin publicly announced his affiliations with Kanro in June 2023, which he hails as one of the outfits accelerating health research. He added that funding for the organization comes from Polygon co-founder Sandeep Nailwal and himself.
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