Ethereum co-founder Vitalik Buterin has refuted claims that he sold Ether (ETH) for personal gain, clarifying that his transactions were intended to support Web3 projects and charitable causes.
According to on-chain analytics firm Lookonchain, Buterin has reduced his ETH holdings by 85,000 ETH (valued at $209 million) over the past three years. His statement underscores his dedication to using his resources for meaningful initiatives rather than personal enrichment.
Buterin also responded to criticisms that Ethereum has not adequately supported the decentralized finance (DeFi) sector. These criticisms were notably voiced by MilliΞ, the inventor of yield farming and a prominent crypto philosopher. Buterin defended Ethereum’s role in DeFi, highlighting that he regularly uses decentralized exchanges (DEXes) and stressing the network’s commitment to long-term value and foundational principles over short-term trends.
By addressing these concerns and defending Ethereum’s contribution to DeFi, Buterin reaffirms his dedication to fostering a decentralized and impactful digital future.
Earlier this week, Buterin also voiced concerns about emerging threats that could endanger technological freedoms and the core principles of cryptocurrencies.
