Ethereum (ETH) founder Vitalik Buterin has received back $100 million from a large Shiba Inu donation to the Crypto Relief fund.
Sandeep Nailwal, the founder of the India-based charity fund called Crypto Relief and also one of the founding partners of Polygon (MATIC), shared a tweet on the subject.
https://twitter. com/sandeepnailwal/status/1487073265319231491
“I had discussions with Vitalik Buterin on how to speed up relief efforts in India. We found a solution. We will send 100 million USDC back to Vitalik Buterin for a rapid deployment to high-risk projects.”
The fund has distributed $70 million in aid so far and $302 million is still waiting to be distributed.
Vitalik Buterin also made a statement on the subject and announced that he has established a new organization to direct the funds:
https://twitter. com/VitalikButerin/status/1487073874193702916
“CryptoRelief is returning $100M of SHIB funds to me. I plan to personally distribute the funds with the help of science advisors to complement the existing great work of CryptoRelief with high risk projects such as some covid studies.”
