Cryptocurrency Billionaires Suffer Big Loss Due to Decline

It is expected to take an important place in our lives in the future. cryptocurrency We come across new news about the units every day. Investments are coming from many companies in these digital currencies, which are expected to be the currency of the internet. However, the cryptocurrency markets have had a frighteningly large surge in recent days. drop lives.

In the news we shared with you today, we conveyed that the decline in the last 24 hours caused a loss of 275 billion dollars. In addition, Terra (LUNA) cryptocurrency, which experienced an incredible decline, caused many investors to experience great losses. bitcoin This turmoil in almost all cryptocurrencies, including many famous names, caused a loss of wealth.

Crypto riches lost billions of dollars

The news, while the leading cryptocurrency Bitcoin (BTC) is currently trading around $ 29 thousand 400, Cryptocurrency billionaires are frustrated revealed. According to the data, the leading names of the industry lost billions of dollars due to the fluctuations in the markets. We have compiled a few of these people for you.

Brian Armstrong, CEO of Coinbase

US-based, which is shown as one of the largest cryptocurrency exchanges in the world Coinbase’s head name Brian Armstrongwas severely affected by the decline. According to the statements, the decline in both company shares and the markets revealed that Armstrong has lost a large part of his wealth since March.

• $8 billion in March wealth > $2.2 billion in current wealth

Sam Bankman-Fried, CEO of FTX

Huge cryptocurrency exchange headquartered in the Bahamas of FTX CEO Sam Bankman-Fried There was also a drastic decline in his wealth. According to Bloomberg data, the wealth of the famous businessman has halved in the last few months.

• His net worth in March is $22 billion > his current net worth is $11.3 billion

Binance CEO Changpeng Zhao

The world’s largest cryptocurrency exchange Binance’s CEO nicknamed CZ Changpeng Zhao were among those who were severely affected by the decline. According to the data, the Chinese-Canadian CEO of the stock market, which is also very popular in our country, Zhao, has experienced an incredible decrease in his wealth since January.

• $96 billion net worth in January > $11.6 billion current fortune

Galaxy Digital CEO Michael Novogratz

Also known for his moves on cryptocurrencies Galaxy Digital Holdings head name Michael Novogratz He has been greatly disappointed in the last few days. The 57-year-old businessman, who also has a LUNA tattoo on his arm, has lost more than a third of his fortune since November 2021, according to data.

• His net worth in November 2021 is $8.5 billion > his current fortune is $2.5 billion

You can reach our detailed content about the decline below.