Allegations Surrounding Ethereum's Chinese Investor Links
Date: 2023-11-17 Author: Dima Zakharov Categories: CRYPTO PAYMENTS
Ethereum's Alleged Chinese Connections
A blockchain researcher known as Boring Sleuth has highlighted the dominance of Chinese users within the Ethereum system, sparking allegations about potential ties to Chinese investors. Speculation arises from Ethereum's early days when Vitalik Buterin, the co-founder, reportedly received significant funding from Chinese investors. Buterin's frequent visits to China, often seen in the company of investment manager Chad Dao from Wanxiang Group, have fueled these speculations. Notably, Ethereum's co-founder previously worked as a researcher for this investment firm.
Boring Sleuth suggests that Chinese investors might have bypassed ICO restrictions in the past and potentially wielded considerable influence over Ethereum's hard forks. The researcher claims that Buterin's wallets were also financed by Wanxiang Group. Additionally, Buterin's prior work with the Chinese corporation Fenbushi Capital, where he remains an advisor, has been brought into focus.
Another expert, Steven Nerayoff, posted on Twitter alleging potential fraudulent activities involving Ethereum's co-founder. He hinted at imminent revelations of irrefutable evidence to support his claims.
Industry experts caution that the authenticity of these allegations remains uncertain. However, if proven true, it could significantly impact Ethereum's ecosystem, including the asset's market value. Presently, the coin trades around the $2010 mark, undergoing a recent correction phase while retaining growth potential.
