By Tobi Loba
ETH, the digital token of the leading smart contracts platform, Ethereum, is now trading above the $3,000 resistance level for the first time in history.
At the time of writing, Ethereum co-founder Vitalik Buterin, now holds over $1 billion worth of ETH in his main address, considering his disclosure back in October 2018. According to the young blockchain guru, there are other undisclosed addresses with relatively small tokens.
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Recap of Discussion Initiated By Nouriel Roubini in October 2018
Back in October 2018, Nouriel Roubini, the CEO of Roubini Macro Associates, initiated a discussion that prompted Vitalik Buterin, the 27-year-old co-founder of Ethereum (ETH), to reveal the address that holds his largest Ethereum holdings.
In the thread of tweets, Roubini accused Buterin of making himself a billionaire through a pre-mining sale he tagged as a scam and criminal, which brought about the creation of Ethereum (ETH).
Nouriel Roubini tweeted, “Vitalik Buterin was the ring-leader – together with Joe Lubin – of the criminal pre-mining sale/scam that created Ether. They stole 75% of the Ether supply and became instant “billionaires” of fake wealth.”
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In response to Roubini’s accusation, Buterin stated that the claim is just a mere fabrication. He said he has nothing close to 0.9% of all ETH in circulation and his net worth is far from $1 billion.
Vitalik Buterin wrote, “I never personally held more than ~0.9% of all ETH, and my net worth never came close to $1b. Also, I’m pretty sure there are no criminal laws against pre-mining.”
I never personally held more than ~0.9% of all ETH, and my net worth never came close to $1b. Also, I'm pretty sure there are no criminal laws against pre-mining.
— vitalik.eth (@VitalikButerin) October 10, 2018
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He was further asked to disclose the trading he has initiated, coupled with the pre-sale.
For transparency, Buterin did not hold back the details as requested.
Though that doesn't just include sales, it also includes some gifts and charity donations.
— vitalik.eth (@VitalikButerin) October 10, 2018
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So, according to what the co-founder of Ethereum shared, the address holding his largest ETH currently has 333,520.83 coins worth $1.023 billion at current prices. This does not include his other addresses with relatively small ETH.
Considering the number, Vitalik Buterin is now the second-youngest self-made billionaire, behind Austin Russell, the CEO of Luminar Technologies.
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