Vitalik Buterin Cashed Out Large Sums of ETH During 2017 Crypto Frenzy

Ethereum mastermind Vitalik Buterin, who holds 350,000 ETH in his main wallet address, allegedly cashed out $40 million worth of ETH between June 2017 and February 2018. The findings came to light by Alex Sunnarborg, a founding partner of the crypto hedge fund Tetra Capital, who dug into Vitalik’s historical account data.

According to Etherscan, Buterin has converted 544,998 ETH to fiat currencies since 2015. This amount equals to almost $49 million, $40 million of which he moved during the period mentioned above.

Sunnarborg followed up with Buterin to confirm his calculations, who clarified he has never cashed out around the $915 price level. Thus, his holdings in fiat currencies were below $30 million, reminding him that he had allocated around $8 million in donations.


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Author: Neo Anderson

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