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