A hoax just caused ethereum to lose $7 billion in market value
A hoax spread online this weekend about ethereum’s inventor, caused the digital currency to lose some $7 billion in market value in about 36 hours.
Published| Photo by Reuters/Stringer
The hoax, posted anonymously on the message board 4Chan this weekend, claimed the creator of ethereum, Russian programmer Vitalik Buterin, had died in a car crash.
After the hoax started spreading, Buterin shared a portrait holding a piece of paper with recent code generated by the ethereum blockchain, to prove that he was alive.
This recent fall is closing a terrible month for ethereum, after a semester of impressive growth.
Ethereum’s market value went from $20 billion in early June to almost $38 billion on June 12, then down to about $24 billion on June 26.
Ethereum’s market value