India Covid Relief Fund returns $100 million to Buterin, who plans to deploy the funds himself

On January 29th, Polygon founder Sandeep Nailwal announced the return of 100 million USDC to Buterin to speed up India’s disaster relief work. Buterin responded that he plans to deploy the funds himself, with the help of scientific advisors, to complement CryptoRelief's excellent work and to undertake some riskier, higher reward science and relief projects around the world. A new organization (Balvi) has been co-founded to direct these funds. Previously, Buterin donated 50 trillion SHIB tokens (worth over $1 billion) to the India Covid Relief Foundation launched by Polygon founder Sandeep Nailwal.