Recent investigations have brought to light significant ties between Ethereum and Chinese investors. Key revelations include:
Control of ETH Supply: Investigations by Boring Sleuth suggest that Chinese investors might control a major portion of the Ethereum (ETH) supply, a result of Ethereum founder Vitalik Buterin's early prioritization of Chinese investments.
Buterin's Engagement with Chinese Investors: Vitalik Buterin reportedly made multiple trips to China, meeting with investors and even learning Mandarin for a keynote speech. He met with Deng Chao, an investment manager at the Chinese Wanxiang Group, where Buterin served as chief scientist.
Influence on Ethereum's Decisions: The report alleges that Chinese investors had significant influence on major decisions within the Ethereum network, such as the response to the Ethereum hack and the subsequent hard fork.
Funding Sources for Buterin's Wallets: Boring Sleuth claims that Buterin's official wallets were funded by the Wanxiang Group. Buterin also worked at Fenbushi Capital and continues to serve as an advisor.
Accusations Against Ethereum: Ethereum and its founders have faced various accusations, including fraud and being influenced by Chinese interests.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
