Vitalik Buterin Transfers $1.83 Million ETH, Explaining This Move

Referenced by

Vitalik sends $1.83M ETH to Railgun Protocol

Railgun is a privacy protocol, which Buterin praised for guarding user privacy and excluding cyber criminals. It utilized zero-knowledge proofs to conduct confidential crypto transfers on the Ethereum chain, unlike Tornado Cash. According to Arkham Intelligence, Buterin's net worth stands at at least $552.86 million thanks to his large Ethereum holdings. However, that data was generated in January last year, and by the aforementioned purchase, Buterin proved that he is worth much more than half a billion dollars.

Analytics account Lookonchain reported that the Canadian programming prodigy purchased 296.4 Ethereum for approximately $783 million and then transferred 693.9 ETH worth $1,824,973 to Railgun. He also added 341,000 USDC to that transaction.