, 2023-01-16 06:46:03,
After the continuous crashes, the cryptocurrency market has been suffering for months, costing its top billionaires hundreds of billions in net worth and downgrading many of them to millionaires or downright bankrupting them, some can still be called crypto and Bitcoin (BTC) billionaires.
Some of these people had the fortune to lose ‘only’ a couple of hundred million. In contrast, others’ losses have amounted to tens of billions, and some of them have even landed in jail, such as the founder of crypto exchange FTX and a former billionaire now worth $0, Sam Bankman-Fried (SBF).
As of December 2022, the list of crypto billionaires has shrunk to include Binance’s Changepg Zhao (CZ), Gemini’s Tyler and Cameron Winklevoss, Ripple’s Jed McCaleb and Chris Larsen, Coinbase’s Brian Armstrong, and Bloq’s Matthew Roszak, according to the data acquired by Forbes in late December.
Interestingly, despite losing more than $50 billion of his worth (although Statista puts his loss at $82 billion), the CEO of crypto trading platform Binance Changpeng Zhao (CZ), remains the richest man in crypto, with an estimated net worth of $4.5 billion, stemming from his 70% stake in the crypto exchange.
That said, CZ has faced harsh public criticism (such as from economist Nouriel Roubini and VC bull Kevin O’Leary) and investigations opened against him and his platform by the authorities in the United States and…
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