Vitalik Buterin and Jeffrey Wilcke are investing their ETH in CEX (centralised exchanges). It seems they trust CEX over non-custodial HODL, or stake, and are puzzling the crypto world.
In CEX They Trust
Vitalik Buterin and Jeffrey Wilcke are co-founders of ETH; interestingly, they have been investing Ethereum in different centralised exchanges. Jeferry has transferred more than thousands of ETH since June, and Vitalik has been actively doing so since May.
Etherem Volatility Problem or Losing Trust in Self
Vitalik and Jeffrey are not only investing in CEX but also trading a large part of their investment in stablecoins, especially USDC. There is no proper explanation for this behavior. Either they are afraid of volatility, or they don’t trust self-custody, or both.
PoS Beneficial Unreasoned
People invest in CEX to earn passive income in the form of interest on their money. Since ETH has become proof-of-stake, self-staking of ETH has become profitable. However, the investment of ETH in CEX by developers is raising a big question about the benefits of ETH PoS.
