Ethereum co-founder Vitalik Buterin announced that he is no longer a billionaire.
“I am no longer a billionaire,” Buterin wrote on Twitter.
Buterin created Ethereum in 2014 and owns the digital wallet, which back in November contained about $1.5 billion in assets. Since then, Ethereum’s price has fallen 55%.
Buterin also said that Ethereum’s transition from the Proof-of-Work mechanism to Proof-of-Stake will likely take place in August. However, he noted that it could be postponed until September or October.