{"id":136547,"date":"2024-08-31T15:00:17","date_gmt":"2024-08-31T12:00:17","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136547"},"modified":"2024-08-31T14:59:41","modified_gmt":"2024-08-31T11:59:41","slug":"vitalik-buterin-denies-selling-ethereum-for-personal-profit","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/vitalik-buterin-denies-selling-ethereum-for-personal-profit\/","title":{"rendered":"Vitalik Buterin Denies Selling Ethereum for Personal Profit"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/x.com\/VitalikButerin\/status\/1829801352500801538\" rel=\"nofollow\">asserted<\/a> <\/strong>that any <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong> he sold was to support various crypto projects and charitable causes.<\/p>\n<p>On August 30, a member of the crypto community on X alleged that Buterin had sold over $2 million worth of Ethereum (800 ETH) following a bullish tweet. Onchain analytics firm Lookonchain also noted that the same wallet address received 3,000 ETH from Buterin on August 9.<\/p>\n<p>In response on August 31, Buterin addressed a post on X that defended his right to profit from selling ETH tokens he had accumulated over the past seven years. He clarified that he has not sold Ethereum for personal profit since 2018, but has instead used the funds to support Web3 projects and charitable initiatives. He stated, \u201cI haven\u2019t sold and kept the proceeds since 2018. All sales have been to support various projects that I believe are valuable, including those within the Ethereum ecosystem and broader charity efforts such as biomedical research.\u201d<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-136544\" href=\"https:\/\/cryptodnes.bg\/en\/rocky-crypto-summer-coming-to-an-end-bitcoin-reversal-on-the-horizon\/\" title=\"Rocky Crypto Summer Coming to an End &#8211; Bitcoin Reversal on the Horizon?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-jonathanborba-14891540-bitcoin-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Rocky Crypto Summer Coming to an End &#8211; Bitcoin Reversal on the Horizon?<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Buterin\u2019s response received support from the community, with some users encouraging him to profit from his ETH holdings. One user commented, \u201cDon\u2019t even defend it; you deserve the yacht, too.\u201d<\/p>\n<p>In recent discussions, Buterin has also defended Ethereum against criticism that it is not supportive of decentralized finance (DeFi). Kain Warwick, the creator of yield farming, had criticized Buterin for not valuing DeFi enough. In a rebuttal, Buterin emphasized his commitment to promoting applications that are both useful and sustainable, while maintaining Ethereum\u2019s core principles of permissionlessness and decentralization. He added that he does not support projects that rely on temporary factors lacking long-term viability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vitalik Buterin, co-founder of Ethereum, has denied claims that he sold millions of dollars worth of Ether (ETH) for personal gain.<\/p>\n","protected":false},"author":3,"featured_media":92103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[424,271],"coin_category":[],"class_list":["post-136547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-crypto","tag-ethereum"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vitalik Buterin Denies Selling Ethereum for Personal Profit<\/title>\n<meta name=\"description\" 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