Vitalik Buterin Affirms Not Selling ETH For Personal Interests

Vitalik Buterin denied rumors that he was selling ETH. (Photo; Doc. The Coin Republic)

JAKARTA - Vitalik Buterin, co-founder of Ethereum, confirmed that he did not sell his crypto assets and stated that the news circulating was untrue. Since 2018, he confirmed that he had never sold ether for personal gain.

Buterin provided clarification through Warpcast, a decentralized social network, that many reports misinterpreted the transfer of its digital assets to charitable organizations as the sale of personal crypto assets.

This controversy comes after media reports that Kanro, a charity linked to co-founder of Ethereum, has transferred 15.43 million USDC coins to a multi-signature wallet (multi-sig). However, the data shows that Kanro actually made two transfers: one to Coinbase (500,000 USDC coins) and the other to Gemini (14.93 million).

In June 2023, Buterin talked about his intention to fund a Covid research project. At the time, he revealed that Crypto Relief, a community-run fund, had received 90 million USDC from initial donations in the form of a token $SHIB. Buterin promised to donate "10 million from his own funds."

In a statement on Warpcast on October 17, Buterin stated:

"If you look at the article that says 'Vitas send XXX ETH to [bursts],' it's actually not me who sells. I almost always donate to some charities or non-profits or other projects, and the recipients sell because they have to cover costs. I've never'sell' ETH for personal gain since 2018."

Some Warpcast users support Buterin and state that many media reports are inaccurate. However, there are also those who argue that Buterin indirectly admits that he has sold part of his ETH holdings.

Vitalik Buterin's Short Profile

Vitalik Buterin was born on January 31, 1994 in Russia and was the founder of Ethereum. He became involved in the crypto world in the early stages of its formation and became one of the founders of Bitcoin Magazine in 2011.

In 2014, Ethereum was launched by Buterin alongside Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. Currently, Vitalik Buterin's estimated net worth is around $600 million or around Rp9.5 trillion.