Every day we encounter new news about cryptocurrencies, which are expected to take an important place in our lives in the future. Investments are coming in these digital currencies, which are expected to be the currency of the internet from many companies. However, the cryptocurrency markets have been experiencing a frighteningly large drop in recent days.
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. This turmoil in almost all cryptocurrencies, including Bitcoin, caused many famous names to lose their wealth.
Crypto riches lost billions of dollars
While the leading cryptocurrency Bitcoin (BTC) is currently trading around $29,400, the news is that the crypto money billionaires proved to be a great disappointment. 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.
Coinbase CEO Brian Armstrong
The head of US-based Coinbase, which is shown as one of the largest crypto money exchanges in the world, Brian Armstrong has suffered a serious loss from the drop. way affected. 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 net worth in March > $2.2 billion
FTX CEO Sam Bankman-Fried
The CEO of the giant cryptocurrency exchange FTX, headquartered in the Bahamas, Sam Bankman-Fried, also experienced a serious decline in wealth. According to Bloomberg data, the wealth of the famous businessman has halved in the last few months.
- $22 billion net worth in March > $11.3 billion
Binance CEO Changpeng Zhao
Changpeng Zhao, the CEO of the world’s largest crypto exchange Binance, nicknamed CZ, was also 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.
- January wealth is $96 billion > current wealth is $11.6 billion
Galaxy Digital CEO Michael Novogratz
Michael Novogratz, the head of Galaxy Digital Holdings, who is also known for his moves on cryptocurrencies, has been very 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 wealth in November 2021 is 8.5 billion dollars > his current wealth is 2.5 billion dollars
You can find our detailed content about the decline below.
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