Binance CEO Loses $12 Billion As Crypto Market Slumps

[Bassey]

JUST IS A BIG LOSS: Changpeng Zhao "Binance CEO Loses $12 Billion As Crypto Market Slumps"​

It is official now that Binance Founder Changpeng Zhao (CZ) lost over $12 Billion on Trading as the crypto slump, it was reported earlier that the crypto exchange CEO’s wealth has plunged 82% since its peak

This happened after US regulators sued Binance alleging a range of violations in that region, while Sam Bankman-Fried, is also on trial for fraud in New York, so reportedly CZ isn’t the only crypto founder feeling the heat.

The news was also featured on the Bloomberg Billionaires Index slashed its estimate of revenues at crypto exchange Binance by 38% after data showed volumes at the firm declined this year. That wiped $11.9 billion from the fortune of Binance’s founder, Changpeng Zhao, popularly known as CZ, dropping him to $17.2 billion. Source: Bloomberg

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