One of the founders of Ethereum Vitalik Buterin He has categorically denied allegations that he sold Ethereum (ETH) for personal profit. Buterin stated that his ETH sales were made solely to support Web3 projects and charities, reiterating his long-term commitment to this area. The statements, which have gained widespread support within the crypto community, have highlighted Buterin’s efforts to maintain his place and ethical stance in the crypto world.
Did Buterin Sell Ethereum?
Buterin was accused of selling 800 ETH worth around $2 million by an X user on August 30. Onchain analytics firm Lookonchain claims the same wallet bought 3,000 ETH from Buterin on August 9. However, Buterin stated that these sales were made solely for the purpose of supporting crypto projects and charities. In an X post today, Buterin stated that he has been earning over the last seven years ETH He argued that he had the right to make a profit by selling some of his tokens. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
However, he stated that none of these sales were for personal gain, and all proceeds were used for projects in the Ethereum ecosystem and broader charitable causes. Buterin particularly emphasized that he had not received any personal income from any ETH sales since 2018.
The Statements Received Support from the Cryptocurrency Community
Buterin’s statements have garnered widespread support within the crypto community, with many users arguing that Buterin has every right to profit from ETH sales, stating that these sales are ethical. Some users even supported Buterin buying a luxury yacht.
Buterin also mentioned Ethereum’s decentralized finance (DeFi) also defended his stance on the subject. Against criticism that he did not fully grasp the importance of DeFi, Buterin stated that he continued to defend the two fundamental principles of the Ethereum network, permissionlessness and decentralization. Although important crypto figures such as Kain Warwick criticized Buterin’s approach to DeFi, Buterin stated that Ethereum would continue to focus on sustainable and useful applications.
Vitalik Buterin is determined to continue his influence in the Ethereum ecosystem and his leadership in the cryptocurrency world based on ethical values. His statements against his critics and allegations have received significant support not only from the Ethereum community but also from the cryptocurrency world.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
