Vitalik’s Covid Relief crypto donation, initially valued at $1 billion, only realized $464 million, with some funds transferred to Alameda Research wallet

Odaily星球日报 · 2023-02-22T10:55:00.000Z

Odaily Planet Daily reported that Ethereum co-founder "V God" Vitalik Buterin's initial estimated value of $1 billion in crypto donations to India's Covid Relief has only been liquidated at $464 million, while the value of cryptocurrencies still in the relief fund's wallet is about Of the $274 million, approximately $40 million in fiat currency was held in an account at Puerto Rican bank FV Bank, and $100 million was returned to Vitalik Buterin himself, who created his own charitable fund, while another $1.5 million was transferred to Alameda Research wallet, so far only $58 million in total has gone to charities providing relief efforts. (dlnews)

Odaily Planet Daily News: Ethereum co-founder "V God" Vitalik Buterin initially estimated that the Indian Covid Relief crypto donations worth $1 billion were only cashed out for $464 million, and the cryptocurrency currently still in the relief fund wallet is worth about $274 million. About $40 million in fiat currency is deposited in an account at FV Bank, a Puerto Rican bank, and $100 million has been returned to Vitalik Buterin himself, who created his own charity fund. Another $1.5 million was transferred to the Alameda Research wallet. So far, a total of only $58 million has flowed to charities providing relief work. (dlnews)