Billionaire Changpeng Zhao's fortune has evaporated $1.4 billion to $26 billion. Binance CEO Changpeng Zhao and Coinbase (NASDAQ:COIN) CEO Brian Armstrong lost billions of dollars after being sued by the United States Securities and Exchange Commission (SEC).
However, the recovery of Bitcoin and other digital assets has boosted their assets by $15.4 billion since the start of the year. Zhao's fortune rose 117% before falling this week. Meanwhile, Armstrong's fortune increased 61%. The billionaires on Bloomberg's list only recorded a 9% increase.
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