• Tue. Feb 7th, 2023

Vitalik Buterin Says He’s Still Poorer Than Sam Bankman-Fried After FTX CEO’s Net Worth Goes Up In Smoke – Ethereum (ETH/USD)

ByMehab Qureshi

Nov 9, 2022
Vitalik Buterin Says He's Still Poorer Than Sam Bankman-Fried After FTX CEO's Net Worth Goes Up In Smoke - Ethereum (ETH/USD)

Ethereum ETH/USD co-founder Vitalik Buterin said that he is still poorer than Sam BankmanFried, the founder of FTX FTT/USD.

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

Read Next: FTX (FTT) May Have Been Pushed To Brink Of Collapse Due To ‘Secretive’ Alameda Bailout, Says Crypto Analyst

Photo by TechCrunch on Flickr



Image and article originally from www.benzinga.com. Read the original article here.