What Happened: A Twitter user pointed out Bloomberg’s billionaire index which states that Bankman-Fried is now worth around $1 billion, down from $15.6 billion on Nov. 8 “in the biggest one-day collapse ever among billionaires tracked by Bloomberg.”
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Buterin was quick to respond, “$1b is still much more than I have”, he said. Following this, another Twitter user responded, citing a Forbes report: “This says differently. Stop trying to fake out”.
The Bloomberg report the user shared was from November 2021, which estimated Buterin’s total wealth at $1.46 billion.
However, Buterin replied to the user saying, “lol ur citing data from when eth was at like $4500”.
This comes as the feud between Bankman-Fried and Binance CEO Changpeng Zhao is wreaking havoc on the cryptocurrency market over the last 24 hours
Price Action: ETH is currently trading at $1,301.01, down 11.35% in the last 24 hours. FTX token is down 71.19% in the last 24 hours, trading below $5, according to data from Benzinga Pro.
Photo by TechCrunch on Flickr
Image and article originally from www.benzinga.com. Read the original article here.