Vitalik Buterin, the 28-year-old programmer who created the Ethereum Cryptocurrency, told his Twitter followers that he is no longer a dollar millionaire. The value of the second most capitalized currency has almost halved since the beginning of the year.
“By the way, I am no longer a billionaire”Vitalik wrote
According to Bloomberg, Buterin’s fortune was valued at $1.5 billion last November, but since then the value of ether has fallen 55%. According to CoinDesk, the second most valuable Cryptocurrency now trades at $1,97k. Since the beginning of the year, its value has fallen by more than 47%.
“Note to trolls: no, Ethereum was not a mistake”the digital currency creator added
Bloomberg attributes the Cryptocurrency market crash to the collapse of the Terra Blockchain project, which devalued its UST Stablecoin and the Luna Token, whose price fell by 99.99 percent. Changpeng Zhao, the founder of the Binance Cryptocurrency exchange, lost more than $80 billion, or 84% of his fortune, amid the collapse of the digital currency market.
Vitalik Buterin was born in Kolomna, near Moscow, but moved to Canada with his parents when he was six. He created Ethereum in 2014. Last year Buterin donated more than $1 billion in Cryptocurrency to the Coronavirus Foundation in India