According to a ChainCatcher report, Synthetix and Infinex founder Kain Warwick has paid Multicoin co-founder Kyle Samani $50,000 as part of a bet. The two had made a prediction in November 2024 about whether ETH would exceed $25,000 by the end of 2025. If Kain had won, Samani would have had to pay $500,000, but if Samani won, Kain would have only needed to pay $50,000.
Infinex Founder Pays $50,000 to Multicoin Co-Founder After Losing ETH Price Prediction Bet
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Summary
Infinex founder Kain Warwick has paid $50,000 to Multicoin co-founder Kyle Samani after losing a bet on the price of ETH. The wager, made in November 2024, was about whether the price of ETH would exceed $25,000 by the end of 2025. Warwick predicted it would, with a potential $500,000 payout if correct. Samani's price prediction turned out to be accurate, prompting the $50,000 payment.
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