Buterin Denies Selling Crypto Holdings, Clarifies Donations
Vitalik Buterin, co-founder of Ethereum, has addressed rumors that he recently sold his digital asset holdings. Buterin explained that reports often mistake his transfers of digital assets to charitable organizations as sales. He urged his followers to disregard these claims and clarified that he has not sold any ether for personal gain since 2018.
Transfers to Charitable Organizations
Buterin’s response came after media reports alleged that Kanro, a charity associated with him, had moved 15.43 million USDC coins to a multi-signature wallet. However, according to data, Kanro made two transfers—one to Coinbase (500,000 USDC coins) and one to Gemini (14.93 million).
Last year @CryptoRelief_ led by @sandeepnailwal allocated $100m to Covid research projects I wanted to fund.
Sandeep and I discussed and jointly concluded these and other projects are high-impact and need follow through grants. Hence we decided to put $100m more to these projects
— vitalik.eth (@VitalikButerin) June 8, 2023
In a June 8 post on X (formerly Twitter), Buterin mentioned his intention to fund Covid research projects. He disclosed that Crypto Relief had contributed $90 million USDC from the original $SHIB donation, and he pledged an additional $10 million of his own funds.
‘Clickbait’ Allegations
In his recent post on Warpcast, Buterin reiterated that he has not sold his ETH holdings in the past five years. He clarified that when articles claim he sends ETH to an exchange, it is usually a donation to a charity or nonprofit, and the recipient sells the ETH to cover expenses. Buterin stated that he has not sold ETH for personal gain since 2018.
Some Warpcast users supported Buterin’s explanation, stating that media reports have wrongly characterized his donations as sales. Others accused the media of intentionally spreading inaccurate information for clickbait purposes. However, one user suggested that Buterin indirectly sold a portion of his ETH holdings.
Hot Take: Buterin Clarifies Crypto Holdings and Donations
Vitalik Buterin has dismissed reports of selling his crypto holdings, emphasizing that his transfers to charitable organizations are often misconstrued as sales. He clarified that he has not sold any ether for personal gain since 2018. This clarification comes after allegations that Kanro, a charity associated with Buterin, made significant transfers of USDC coins. However, data reveals that these transfers were made to Coinbase and Gemini exchanges. Buterin’s statements have sparked a discussion on media accuracy and the motives behind misleading reports. Nonetheless, he stands by his commitment to funding charitable projects and Covid research initiatives.
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