Vitalik Buterin Donates $45 Million in ETH for Security Initiatives

Ethereum co-founder Vitalik Buterin has pledged 16,384 ETH to support open-source privacy projects as the Ethereum Foundation adopts a more frugal strategy.

In a significant commitment to enhancing open-source security and privacy, Vitalik Buterin, the co-founder of Ethereum, has allocated approximately 16,384 ETH, valued at around $45 million. This move comes as the Ethereum Foundation transitions to a more conservative financial approach.

Buterin's substantial donation aims to bolster projects that prioritize user privacy, reflecting a growing concern within the community about data security. As Ethereum navigates through fiscal prudence, the support for these initiatives underscores the importance of maintaining a robust ecosystem.