In a recent statement, Ethereum co-founder Vitalik Buterin addressed a common misconception regarding cryptocurrency transactions.
Vitalik Buterin Declares Cryptocurrency Transactions as Charity, Not Personal Selling
He emphasized that news about sending Ethereum (ETH) to exchanges should be interpreted as acts of charity, not as personal sales.
According to Buterin, when he transfers ETH to exchanges, it is usually a donation to charities, non-profits or other projects. Buyers can then choose to sell ETH to cover operational expenses.
Buterin has publicly stated that he has refrained from selling ETH for personal profit since 2018. This statement sheds light on his commitment to supporting causes in the cryptocurrency space rather than trading for personal gain.
This clarification serves to eliminate potential misinformation that could arise from observing such transactions on the blockchain. He emphasizes that Buterin's participation in the cryptocurrency ecosystem is disinterested.
Buterin urges individuals to contact official communication channels for updates or further clarification.
*This is not investment advice.
