Confessions from Vitalik Buterin: “If I Had Known It Would Turn Out This Way, I Would Have Handled This Altcoin Very Differently”

The Ethereum founder said he thought the organizations receiving donations would only be able to raise a little over $20 million by selling their tokens. The result was quite different: According to his account, CryptoRelief raised approximately $470 million. He stated that he didn’t know the exact amount FLI raised, but it could be between $400 and $600 million.

Buterin’s assessment highlighted both the size of the funds and their intended use. He stated that FLI, initially dealing with diverse risks such as biological threats, nuclear war, and artificial intelligence, later focused on AI policies. He explained that he did not support some of the organization’s activities and that his proposal to allocate resources to different areas was not accepted.

In the same interview, Buterin also shared details of his early Dogecoin investment. He revealed that his initial investment of approximately $25,000 in DOGE later grew to over $10 million.

*This is not investment advice.