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Crypto Crash Wipes Billions From Wealth of Crypto Billionaires

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With the crash of crypto value in recent times, the portfolio and wealth of crypto billionaires have plummeted greatly. During the bull market and the growth in the value of cryptocurrencies, quite a number of crypto billionaires were birthed. This article analyzes how some leaders in the crypto space have lost quite a lot from the downturn in crypto prices.

• Changpeng Zhao

Changpeng Zhao is fondly known in the crypto space as CZ. He is the founder and CEO of Binance, a notable crypto exchange that currently occupied the top position based on trading volume. As a result of the crypto crash, his net worth plummeted to $14.9 billion from $65 billion.

• Sam Bankman-Fried

Sam Bankman-Fried is the face behind FTX, another popular crypto exchange. He began the exchange and has occupied the position of CEO for a while. His net worth plummeted from $24 billion to $ 11.3 billion.

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• Brian Armstrong

Another crypto exchange founder who was affected by the downturn in the crypto market is Brian Armstrong, the founder, and CEO of Coinbase. As a result of the crash, he is no longer a billionaire. His net worth was sitting at $6.6 billion before the debacle.

• Gary Wang

Another co-founder of FTX was also affected by the red market that the crypto space is facing at the moment. Gary Wang had a wealth that was sitting at $ 5.9 billion, but after the crash, he is no longer listed as a billionaire.

• Chris Larsen

Chris Larsen is the executive chairman and co-founder of Ripple, a blockchain company with crypto called XRP. Before the crash, Larsen had a wealth portfolio of $4.3 billion, but his billionaire status no longer exist after the crash.

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• Cameron Winklevoss and Tyler Winklevoss

Before the crash, two tech wizards that doubled as twins had a fortune of $4 billion each drastically reduced after the red market began.

Rose Nnamdi is a crypto content writer that loves drafting content on cryptocurrencies and innovative platforms building on blockchain technology.

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