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Ethereum co-founder loses billions in bear run

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4 years ago

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The co-founder of ethereum has revealed that he’s lost billions in the bear run

Vitalik Buterin says he is no longer a billionaire after a string of blows to global crypto markets.

The 28-year-old tweeted the impacts of the crypto’s new lows.

The stable coin lost 98 per cent of its value in what should have been an impossibility.

Terra was previously among the most valuable cryptocurrencies in the world.

But it slumped below 1 U.S dollar earlier this month.

The cryptocurrency crash has dragged down blockchain traders around the world, including a number of high profile investors.

Some have pulled out of the crypto game entirely, which has left the entire cryptocurrency space in dire straits.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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