Ethereum

bullish

Foundation

Salary

Ethereum’s co-founder, Vitalik Buterin, has addressed recent accusations regarding his sale of Ether (ETH). On August 30, a crypto community member claimed Buterin sold over $2 million worth of ETH shortly after making a bullish tweet. Onchain analytics firm Lookonchain also noted that Buterin transferred 3,000 ETH from his wallet on August 9. 
Buterin responded on August 31, dismissing these allegations. He explained that he hasn’t sold any ETH for personal gain since 2018. Instead, all sales were made to support Web3 projects and charitable causes.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfhx3Lwgcu1cHnSeBiFYEFtkSbS3qTmLVKIZ151Akk034Gicr1ZRJKkziZQ2hFlLiOGSZkvzmYke86w5TRb4c5gQbDymLbD8b58QmODRoU28XJRGR5-nkgyQ6jVfP9HHHxIlI2Hs84qNaQ7OeyJmbROgRMP?key=vqviFdfJcssreyFmCaZbfw" alt="Lookonchain's Twitt">
 <figcaption class="wp-element-caption">
 Source: <a href="https://x.com/lookonchain/status/1829407124520374565" target="_blank" rel="noreferrer noopener nofollow">Twitter</a>
 </figcaption>
 </figure>
</div> 
“I haven’t sold and kept the proceeds since 2018,” Buterin stated. “All sales have been to support various projects that I think are valuable, either within the Ethereum ecosystem or broader charity, like biomedical research.” 
The crypto community largely supported Buterin’s stance. Many users encouraged him to continue using ETH profits for positive causes, with one user even suggesting he “deserves the yacht” for his contributions. 
Buterin also recently defended Ethereum against claims it is neglecting decentralized finance (DeFi). Kain Warwick, creator of yield farming, criticized Buterin’s view on DeFi, but Buterin remained firm on his commitment to Ethereum’s core values: permissionlessness and decentralization. He emphasized his focus on creating sustainable, useful applications rather than chasing temporary trends. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/28/vitalik-buterin-reveals-139k-salary-at-ethereum-foundation/" target="_blank" rel="noreferrer noopener">Vitalik Buterin Reveals $139K Salary at Ethereum Foundation</a> 
</blockquote>

Vitalik Buterin denies claims of selling ETH for Profits

The Crypto Times

Other articles published on Aug 31, 2024

Bitcoin: Coinbase On Track To Dominate The Market With CbBTC

Can SUI or Pepe Become a Top 20 Crypto In 2025?

AI Agents Transact on Coinbase: A New Era for Crypto?

Bitcoin and Altcoins Lead 2024 Election Finance Revolution

Microsoft Warns of North Korean Hackers Targeting Crypto Users

AI Agents Make History with the First Autonomous Crypto Transaction

Join our free newsletter for daily crypto updates!