“Vitalik Buterin confirmed dead. Insiders unloading ETH” read the title of the post on 4Chan, the notorious online message board frequented by internet trolls. “Fatal car crash,” it went on. “Now we have our answer. He was the glue.”
“ETH” refers to ethereum, the world’s second most valuable cryptocurrency, which was invented by a 21-year-old, Vitalik Buterin, in 2015. The currency’s price has risen by 50 times this year so far, and many market watchers have wondered when the gains would stop. The price was already in the midst of a sudden decline yesterday that saw about $4 billion wiped off its total market value, and according to the post, Buterin’s untimely death explained it and heralded a crash.
Source : Quartz Media