Changpeng Zhao (CZ), the CEO of Binance, the world’s largest cryptocurrency exchange, experienced an extreme decline in the rich list, while FTX founder Sam Bankman-Fried (SBF) dropped to zero.
Data from the Bloomberg Billionaires Index on October 27 showed that Binance’s revenue forecasts were lower due to the decline in trading volumes and the current bear market conditions. fell 38% and on CZ’s rich list dropped to 95th place revealed.
In January 2022 11th richest person in the world. located as a human CEO CZ, at that time $96.9 billion from peak level 82% having a meltdown $17.3 billion fell into wealth.
According to Bloomberg’s index obtained from CoinGecko and Coinpaprika Binance’s spot trading market share declines for 7 consecutive months lived. in January 55% The share above was in September 34.3% was at the level.
On the other hand, SBF, the founder of the bankrupt cryptocurrency exchange FTX, which is Binance’s biggest rival in 2021-2022, previously said close to 20 billion dollars Even though he had a fortune, the stock market crashed. assets to “0” landed.