- Ethereum co-founder Vitalik Buterin clarifies recent ETH transactions as donations, not personal sales.
- “I haven’t ‘sold’ ETH for personal gain since 2018,” Buterin stated.
- Transactions include significant USDC and ETH transfers across several exchanges.
Ethereum co-founder Vitalik Buterin has addressed recent headlines surrounding his cryptocurrency transactions. He clarified that his ETH transactions are primarily donations, not personal sales, and that he has not “sold” ETH for personal gain since 2018.
Buterin emphasized that articles stating, “Vitalik sends XXX ETH to [exchange],” do not signify a personal sale. Instead, He explained that these transactions are typically donations to charitable or nonprofit causes, with the recipient selling the ETH to cover expenses.
This clarification comes in response to media reports tracking Buterin’s wallet activity. Recently, it was reported that the co-founder of the second-most-popular cryptocurrency after Bitcoin has been moving millions of dollars in USDC stablecoin and Ether (ETH). These transactions span various crypto platforms, such as Coinbase, Gemini, Bitstamp, Kraken, and Paxos.
In the most recent instance, the Ethereum co-founder made headlines with his significant USDC transactions. As reported, Buterin has received a total of 15.4 million USDC from his biotech charity organization, Kanro. Out of these, he transferred nearly 15 million to the Gemini crypto exchange and the remaining 500,000 to Coinbase.
Furthermore, data from the blockchain analytics platform Spot On Chain revealed that in the month of September alone, Buterin’s wallet saw high-profile transfers of ETH valued at over $3.9 million.
Vitalik Buterin is known for receiving various cryptocurrencies in his wallet, especially from new crypto projects launching on the Ethereum blockchain, which he regularly donates. One notable act he did was during the COVID-19 pandemic, where he actively donated millions of dollars.
As revealed by Buterin, Kanro’s funding comes exclusively from Crypto Relief, a project led by Sandeep Nailwal, co-founder of Polygon. Crypto Relief is a community-run fund delivering relief during the Covid crisis in India. Last June, Buterin, along with Nailwal, pledged an additional $100 million for Covid research projects, on top of their initial allocation of $100 million last year.
However, regarding Kanro, little information is available about the charity. It lacks a website and an online presence, with only a brief mention on Twitter.
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