Some current and former executives in the cryptocurrency industry grew their wealth by billions of dollars during the year.
According to Bloomberg Billionaires Index data, the wealth of Binance’s former CEO Changpeng Zhao was around 25 billion dollars growing up up to over 37 billion dollars output. The majority of Zhao’s wealth consists of his share in Binance. himself cryptocurrency investmentswas not included in the index.
Binance’s communication with officials in the USA $4.3 billion Following the deal, Zhao stepped down as CEO. Zhao’s trial is scheduled for February 23.
The fortune of Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the USA, increased this year $5.8 billion grew up and to $7.2 billion reached. Coinbase shares have fallen this year gained more than 300 percent in value. It is estimated that Armstrong owns approximately 16 percent of the company.
The wealth of Fred Ehrsam, who owns approximately 5 percent of Coinbase and is one of the founders of the exchange, is $1.8 billion increasing to 2.5 billion dollars output.
The fortune of Tyler and Cameron Winklevoss twins, founders of another crypto exchange Gemini $1.4 billion with increase to $2.7 billion It is assumed that it came out. New York Attorney General’s Office, clients $1.1 billion He filed a lawsuit against Gemini and Digital Currency Group for fraud.
The fortune of Barry Silbert, the founder of Digital Currency Group, increased throughout the year. $1.5 billion grew up and to 2 billion dollars came. Barry Silbert, according to information released today On January 1, 2024 He will leave the board of directors of Grayscale Investments.
Grayscale, which is affiliated with Digital Currency Group, owns GBTC. conversion to an exchange-traded fund (ETF) efforts continue.