What was the source of the $15 million transfer involving Vitalik Buterin?

The $15 million transfer involving Vitalik Buterin originated from Kanro, a charity associated with him. On October 14, Buterin received 14.93 million USDC from Kanro, which focuses on addressing Covid and other pandemic-related issues. This amount was later transferred to a new multisig wallet, clarifying that the funds were not directly sent from Buterin's personal wallet.

Did Vitalik Buterin directly send funds to Gemini?

No, Vitalik Buterin did not directly send funds to Gemini. The Ethereum Foundation clarified that the transfer was a result of Buterin signing off on a transaction from a charity multisig wallet. Therefore, the funds never actually left Buterin's wallet but were part of a larger charitable transaction.

How did the market react to the news of the transfer?

Following the news of the $15 million transfer, the price of Ethereum's native currency, Ether (ETH), remained relatively stable. It experienced a slight decline of only 0.68% within four hours after the announcement. This indicates that the market did not react dramatically to the transfer news.

What other transactions has Vitalik Buterin made recently?

In addition to the recent $15 million transfer, Vitalik Buterin has been active in making several transactions over the past months. In September alone, he transferred more than $3.9 million from his wallets. Notably, on September 24, he moved 400 ETH, valued at approximately $600,000 at that time, to Coinbase.

What is Kanro and its purpose?

Kanro is a biotech charity funded by Vitalik Buterin that aims to tackle Covid-19 and other pandemic-related challenges. The organization is designed to allocate funds for addressing health crises and improving public health outcomes. Its operations are closely linked to Buterin's philanthropic efforts in the cryptocurrency space.

What is a multisig wallet?

A multisig wallet, or multi-signature wallet, is a type of cryptocurrency wallet that requires multiple signatures or approvals to authorize a transaction. This adds an extra layer of security, as it prevents any single individual from having complete control over the funds. Multisig wallets are often used by organizations and charities to manage funds collaboratively.

What was the source of the $15 million transfer involving Vitalik Buterin?

The $15 million transfer involving Vitalik Buterin originated from Kanro, a charity associated with him. On October 14, Buterin received 14.93 million USDC from Kanro, which focuses on addressing Covid and other pandemic-related issues. This amount was later transferred to a new multisig wallet, clarifying that the funds were not directly sent from Buterin's personal wallet.

Did Vitalik Buterin directly send funds to Gemini?

No, Vitalik Buterin did not directly send funds to Gemini. The Ethereum Foundation clarified that the transfer was a result of Buterin signing off on a transaction from a charity multisig wallet. Therefore, the funds never actually left Buterin's wallet but were part of a larger charitable transaction.

How did the market react to the news of the transfer?

Following the news of the $15 million transfer, the price of Ethereum's native currency, Ether (ETH), remained relatively stable. It experienced a slight decline of only 0.68% within four hours after the announcement. This indicates that the market did not react dramatically to the transfer news.

What other transactions has Vitalik Buterin made recently?

In addition to the recent $15 million transfer, Vitalik Buterin has been active in making several transactions over the past months. In September alone, he transferred more than $3.9 million from his wallets. Notably, on September 24, he moved 400 ETH, valued at approximately $600,000 at that time, to Coinbase.

What is Kanro and its purpose?

Kanro is a biotech charity funded by Vitalik Buterin that aims to tackle Covid-19 and other pandemic-related challenges. The organization is designed to allocate funds for addressing health crises and improving public health outcomes. Its operations are closely linked to Buterin's philanthropic efforts in the cryptocurrency space.

What is a multisig wallet?

A multisig wallet, or multi-signature wallet, is a type of cryptocurrency wallet that requires multiple signatures or approvals to authorize a transaction. This adds an extra layer of security, as it prevents any single individual from having complete control over the funds. Multisig wallets are often used by organizations and charities to manage funds collaboratively.

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ETH Foundation clarifies $15M transfer came from Buterin-linked charity wallet

August 11, 2025August 11, 2025

Buterin got the initial amount of 14.93 million USDC from Kanro, a charity affiliated with Buterin, on Oct. 14, and later accepted a transfer of the same quantity to a new multisig wallet. Kanro is a bio-tech charity moneyed by Buterin that intends to attend to Covid and other pandemic-related problems. This will be done under my entity Kanro with its multisighttps:// t.co/ qloGu4a4vKwhere @CryptoRelief_ and I are going to pay out the funds to.– vitalik.eth (@VitalikButerin) June 8, 2023

Different analysis from crypto information provider Lookonchain discovered that Buterin had also apparently moved almost $500,000 to Coinbase three days prior.vitalik.eth gotten 14.93 M $USDC from #Kanro 4 days ago and then deposited it into #Gemini yesterday before the first rise of $BTC. #Vitalik likewise deposited 500K $USDC into #Coinbase 2 days ago.What did he do with the $USDC?https:// t.co/ o3u5JjjapUhttps:// t.co/ Z69WG0xuNP pic.twitter.com/dwTt7tzHp8— Lookonchain (@lookonchain) October 17, 2023

Disclaimer: This post has been upgraded to reflect explanation from Ethereum Foundation that Buterin was a signer on a different multisig wallet transfer and did not straight send funds to Gemini.The Ethereum Foundation has shed light on a recent $15 million USD Coin (USDC) deal involving Ethereum co-founder Vitalik Buterin which gathered the attention of numerous blockchain tracking platforms. An Oct. 17 post from blockchain analytics firm PeckShield on X claimed that Buterins wallet, understood as “vitalik.eth” moved $14.93 million to Gemini crypto exchange on Oct. 16. An Ethereum Foundation spokesperson informed Cointelegraph that the transfer was nothing more than Buterins Ethereum Name Service (ENS) signing off on a transfer from a charity multisig wallet, and that funds never really left Buterins wallet. #PeckShieldAlert #vitalik. eth haas transferred ~ 15M $USDC (Multisig Contract 0xf207 … D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z— PeckShieldAlert (@PeckShieldAlert) October 17, 2023

The cost of Ethereums native currency, Ether (ETH), held steady following news of the transfer, falling simply 0.68% in the past four hours, according to cost data from CoinGecko.The cost of Ether (ETH) held flat following the news of the transfer. Source: CoinGeckoRelated: Ethereum losing streak vs. Bitcoin strikes 15 months– Can ETH rate reverse course?Buterins latest deal is the latest in a wave of transfers over the last couple of months, with the total transfers from Buterins wallets totalling more than $3.9 million in September.On Sept. 24, Buterin moved 400 ETH– worth $600,000 at the time– to Coinbase. Cointelegraph formerly reported a 600-ETH ($ 1 million) transaction from the vitalik.eth address on Aug. 21, which was also recognized by on-chain monitoring platforms.Magazine: Are DAOs impracticable and overhyped? Lessons from the front linesUpdate (8:45 am Oct. 17): This short article has actually been remedied to show that USDC was transferred to a seperate multi-signature wallet address and not straight to Gemini..

Other Questions People Ask

What was the reason behind the ETH Foundation clarifying the $15M transfer from Buterin-linked charity wallet?

The ETH Foundation clarified that the $15 million transfer involving Vitalik Buterin was not a direct transaction from his wallet but rather a signing off on a transfer from a charity multisig wallet. This clarification came after blockchain analytics firms reported that Buterin's wallet moved a significant amount to the Gemini exchange. The funds never actually left Buterin's control, as they were part of a larger charitable initiative aimed at addressing pandemic-related issues through the Kanro charity.

How did the ETH Foundation respond to the reports about Buterin's $15M transfer?

The ETH Foundation responded by stating that the reported $15 million transfer was misinterpreted and that it originated from a multisig wallet associated with Kanro, a charity linked to Vitalik Buterin. They emphasized that Buterin was merely a signer on this transaction and did not directly send funds to Gemini. This clarification was crucial in addressing concerns raised by the crypto community regarding the nature of the transfer.

What implications does the ETH Foundation's clarification have for future transactions involving Buterin?

The ETH Foundation's clarification regarding the $15 million transfer suggests that future transactions involving Vitalik Buterin may be scrutinized more closely by blockchain analysts and the community. It highlights the importance of transparency in charitable transactions, especially when large sums are involved. This incident may encourage more detailed reporting and verification of such transfers to prevent misunderstandings in the future.

What role does Kanro play in the context of the $15M transfer clarified by the ETH Foundation?

Kanro is a biotech charity funded by Vitalik Buterin, which aims to address Covid and other pandemic-related challenges. The $15 million transfer clarified by the ETH Foundation originated from Kanro's multisig wallet, indicating that these funds are intended for charitable purposes rather than personal gain. This context reinforces the philanthropic intentions behind Buterin's financial activities and highlights the significance of proper fund allocation in charitable initiatives.

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