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Vitalik Buterin Denies Selling ETH for Personal Gain Amid $2 Million Allegations

Aug 31, 2024, 11:33 AM

Ethereum co-founder Vitalik Buterin has been accused of selling millions of dollars in ETH for personal gain. On August 30, allegations surfaced on social media claiming that Buterin sold 800 ETH, valued at over $2 million, shortly after making bullish statements about Ethereum. These claims have sparked controversy within the cryptocurrency community, with some users criticizing Buterin for his actions. However, Buterin has refuted these allegations, stating that his ETH sales are intended to reinvest in Ethereum, research and development, and charitable causes.