Ethereum founder Vitalik Buterin bashes crypto news site CoinDesk as being 'recklessly complicit in enabling giveaway scams'

Ethereum founder Vitalik Buterin bashes crypto news site CoinDesk as being 'recklessly complicit in enabling giveaway scams'

Ethereum cofounder creator Vitalik Buterin

Getty/John Phillips

  • Vitalik Buterin, the founder of Ethereum, blasted cryptocurrency news sie CoinDesk in a tweet Thursday. 
  • Buterin, who says he will boycott CoinDesk's Consensus conference, alleges the firm "is recklessly complicit in enabling giveaway scams."

Thousands of people will be in attendance at CoinDesk's 2018 Consensus conference in May, but Ethereum founder Vitalik Buterin will not be among them. 

The 24-year-old said on Twitter Thursday he would boycott this year's conference, and encouraged others to follow suit. He said CoinDesk, one of the most followed cryptocurrency and blockchain trade publications, is "recklessly complicit in enabling giveaway scams." The impetus for Buterin's tweet was a technical analysis blog post, which linked to a fraudulent website. The link has since been removed from the article. 

"This article has been updated to remove a link to a fraudulent website that was misrepresenting OmiseGo in an effort scam users." CoinDesk said in a correction note at the bottom of the article. "CoinDesk regrets the error."

Buterin characterized the article as "directly" linking to a "giveaway scam." Here's the full tweet:

The market for digital currencies is known for its fair share of fraud and get-rich-quick schemes. As noted by Business Insider's Oscar Williams-Grut, pump-and-dump schemes are commonplace

CoinDesk's Consensus conference is one of the most widely attended in the market for crypto. This year's conference is set to host 5,000 people. Speakers include Amber Baldet, the former blockchain head at JPMorgan, and Jack Dorsey, the founder of Square and Twitter. The roster also includes a number of regulators and politicians. 

"We are disappointed to learn of Vitalik's tweet today regarding a CoinDesk reporting error, for which we apologize," CoinDesk CEO Kevin Worth said in a statement to Business Insider. "We strive to maintain the highest level of unbiased, ethical journalism in order to provide the best possible coverage of the blockchain industry."

The reporter of the blog post did not immediately respond to an email seeking comment.