‘Pay More Attention’ Ethereum Co-Founder Says of Crypto Crash

‘Pay More Attention’ Ethereum Co-Founder Says of Crypto Crash
Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin, and Ripple plunge into water in this illustration on May 17, 2022. Dado Ruvic/Illustration/Reuters
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DAVOS, Switzerland—Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value.

“I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, economy,” Wood told Reuters on the sidelines of the World Economic Forum in the Swiss Alpine resort of Davos.