The combined wealth of the richest crypto billionaires has decreased by $116 billion.
writes American Forbes. The founders of cryptocurrency exchanges lost the most: Changpeng Zhao of Binance, Sam Bankman-Fried of FTX, and Brian Armstrong of Coinbase.
Changpeng Zhao’s fortune decreased from $65 billion to $4.5 billion in a year, Sam Bankman-Fried’s fortune from $24 billion to zero, Brian Armstrong’s fortune from $6 billion to $1.5 billion.
FTX co-founder Gary Wang lost a fortune of $5.9 billion, brothers – co-founders of the Gemini cryptocurrency exchange Cameron and Tyler Winklevoss lost $2.9 billion each.
The main reasons for such losses were the bear market (the period when the price of an asset falls, the index of investor fear increases, panic is possible in the market), as well as
bankruptcy one of the largest trading platforms FTX.
knownthat in 2022 the richest people in the world lost $1.9 trillion: their total wealth decreased from $13.8 trillion to $11.9 trillion, the number of billionaires themselves decreased from 2671 to 2523.