😱🔥Bombshell development: Vitalik Buterin's ETH fortune was claimed to have been revealed
#ArkhamIntelligence shared shocking information. Vitalik Buterin, the legendary co-creator of Ethereum, owns more than $800 million in ETH, according to data.
The bulk of this enormous wealth comes from the initial announcement of 246,730 #ETH at the time of Ethereum's launch. It is known that Vitalik has invested in various projects such as StarkNet, apart from Ethereum.
How did Vitalik make his fortune?
Vitalik Buterin stepped in by founding Bitcoin Magazine with Mihai Alisie in 2011, on the 17th anniversary of the cryptocurrency. Dissatisfied with Bitcoin's limitations, Vitalik published an Ethereum whitepaper on November 19, 2013, proposing Ethereum as a solution to Bitcoin's shortcomings.
A founding team was quickly formed, consisting of Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, Amir Chetrit, Joseph Lubin, Gavin Wood and Jeffrey Wilcke.
With these names, they founded the non-profit Ethereum Foundation to spread the Ethereum network. In June 2014, Vitalik left the University of Waterloo, receiving 100,000 papers from the Thiel Foundation, and focused entirely on Ethereum.
"In the Ethereum presale in the summer of 2014, they exchanged their BTC for ETH and made an initial offering of more than 72 million tokens, 16.53 percent of which were distributed to the founders."
Ethereum was officially launched on July 30, 2015. Vitalik is the only founder actively working on the network and is leading the network's progress, including the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) in 2022.
It is thought that Buterin may have undisclosed assets other than his known budgets. However, Vitalik stated in a past statement that ETH does not have more than 0.9 percent of its total supply.
