Vitalik Buterin pulls $17 million in ether as Ethereum Foundation tightens spending

Ethereum’s co-founder said the $17.3 million withdrawal will support a broader “full-stack openness and verifiability” vision as the foundation tightens spending. What to know : Vitalik Buterin withdrew 16,384 ETH, worth about $17.3 million at current prices, to deploy toward open-source security and privacy projects. The move comes as the Ethereum Foundation enters a period of “mild austerity” following a market drawdown. The foundation still holds roughly $558 million in crypto assets, according to Arkham.