Ethereum co-founder Vitalik Buterin has denied selling Ether for personal gain, stating that his transactions were not driven by personal gain but to support Web3 projects and charitable initiatives.
He has reduced his ETH holdings by 85K ETH ($209M) in three years, as per on-chain analytics firm Lookonchain. Buterin’s statement aims to emphasize his commitment to using his resources for important causes rather than personal enrichment.
He has also addressed allegations that Ethereum has not sufficiently supported DeFi, which has been criticized by the inventor of yield farming and crypto philosopher MilliΞ.
However, Buterin defended Ethereum’s role in DeFi, stating that he uses DEXes every week. He emphasized the importance of long-term value over temporary gains and the Ethereum network’s focus on foundational principles rather than transient trends.
By addressing these allegations and defending Ethereum’s role in DeFi, Buterin reaffirms his commitment to a decentralized and impactful digital future.
Ealry this week, Vitalik Buterin expressed worries about the emergence of potential dangers that could jeopardize technological liberties and fundamental principles of cryptocurrencies.
