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Market News

Vitalik Buterin Dumps 3000 ETH During FTX hack

Written By Stuti Mansata
Published November 15, 2022 3:43 PM·Updated 1 year ago
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The co-founder of Ethereum has been seen chastising ex-FTX CEO Sam Bankman-Fried. However, during the FTX debacle, Vitalik Buterin’s wallet allegedly dumped 3000 ETH tokens.

Vitalik exchanged these ETH for $4 million USDC in three transactions on November 12 on the DeFi automated market maker Uniswap V3.

On the same day, Vitalik Buterin was asked about the FTX collapse at the LaBitConf conference in Buenos Aires, Argentina. He noted that people were more interested in the marketing of FTX and the “personalistic style” similar to that of “1930s dictators,” which is the “exact opposite of every ethos of crypto projects that try to be decentralized.”

Also Read: Bahamas Regulators are Investigating the FTX Collapse

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Ethereum (ETH)FTX
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