Fake news of a fatal car crash wiped out $4 billion in ethereum’s market value

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Fake new : http://boards.4chan.org/biz/thread/2608981

“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.

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It turns out that Buterin wasn’t dead, nor involved in a car crash. He took to Twitter to prove that all was well, but how to supply evidence that he was indeed behind the Twitter account? In the cryptocurrency equivalent of posing with the day’s newspaper, he scrawled out some data linked to the latest block (you can see that data for yourself here) mined on the ethereum blockchain on a piece of paper and took a selfie with it. Wikileaks founder Julian Assange did something similar to dispel rumors of his demise by reading out data from the bitcoin blockchain on a live stream in January. Buterin then posted the selfie on Twitter:

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Keep Buying ETH , BTC , LTC
Hope you got a good chance to add coins to your portfolio.. All the Best ...

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Glad he is ok

Congratulations your post is wonderful.

Doubled my holdings...

so that explains that price drop


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This news explaine me a lot of things...Thanx for sharing it!

Not worried, it'll bounce back

This post has been ranked within the top 80 most undervalued posts in the first half of Jun 27. We estimate that this post is undervalued by $32.78 as compared to a scenario in which every voter had an equal say.

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How about that? Fake news can drive so much change.

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