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'I'm not a billionaire anymore': Another crypto tycoon sees fortunes sink

Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings worth about $1.5 billion

Vitalik Buterin
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Vitalik Buterin

Scott Carpenter | Bloomberg
Vitalik Buterin, co-founder of the Ethereum blockchain platform, is the latest casualty in the dramatic collapse of crypto fortunes.

“I’m not a billionaire anymore,” Buterin, 28, wrote Friday in a Twitter post.

Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings worth about $1.5 billion. Since then, the price of the Ether token that’s associated with the blockchain has fallen by 55%. 

Buterin has previously suggested he’d welcome lower prices of digital coins, telling Bloomberg News in February: “The people who are deep into crypto, and especially building things, a lot of

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First Published: May 22 2022 | 5:07 PM IST

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