Vitalik Buterin denied selling ether for profit
Ethereum founder Vitalik Buterin has denied allegations that he sold millions of dollars worth of Ether for personal gain. He said he sold his ETH holdings to fund various crypto projects and charitable initiatives.
In the year On August 30, a member of the crypto community on X tweeted and accused Buterin of dumping over $2 million worth of Ether (ETH). Onchain analytics firm Lookonchain also pointed out that it received 3,000 ETH from the entrepreneur on August 9 at the same wallet address.
Source: Lookonchain
In the year On August 31, Buterin responded to X's post in support of his rightful position to profit by selling part of the ETH tokens he had earned over the past seven years.
Buterin has not sold Ether since 2018.
According to Buterin, he did not sell any ETH for profit, but to fund various Web3 projects and charities.
“Since 2018, I haven't sold or kept the money. All sales have been to support different projects that I think are important, whether in the Ethereum ecosystem or a wider charity (eg biomedical R&D).”
The vision received widespread support from community members, encouraging Buterin to sell ETH for a profit. “Don't even defend him; You also deserve the ship. said one of the X users.
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Ethereum supports the development of DeFi
Buterin recently defended Ethereum with the claim that it “doesn't care” about blockchain decentralized finance (DeFi).
Cain Warwick, the inventor behind the farming concept, isn't Buterin Maxey, and I don't think he's wrong—especially in his stance on defy.
“One of the most important things I've seen in the last five years is the importance of DeFi.”
Responding to similar accusations from X-user Milio, Buterin emphasized his desire to see useful and sustainable applications while maintaining the network's two fundamental principles.
The Ethereum founder added, “Their beauty does not respect things that come from ephemeral sources that are not sustainable.”
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