Vitalik Buterin, the co-founder of the Ethereum blockchain, recently described how he burned close to $6.7 billion in Shiba Inu. During a recent interview on the UpOnly Podcast, Buterin said that in May 2021 anonymous developers sent him 505 trillion SHIB tokens, which were worth $8 billion at the time. According to Buterin, the developers did this because they thought sending the tokens to him would effectively burn the tokens, decreasing supply and increasing demand. During that month, Buterin sent SHIB and other crypto donations he received to various charities, including 50 trillion SHIB, around $1.2 billion at the time, to the India Covid Crypto Relief Fund. He later burned about 90 percent of his remaining SHIB tokens. Buterin said to do so required a set of complex procedures to access and send the SHIB tokens. The funds were initially in a cold wallet in the form of two numbers written on separate pieces …