Crypto Billionaires Lose More Than $100 Billion in 9 Months
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According to Forbes, large holders of digital currencies have suffered big losses this year due to increased distrust in the blockchain industry after the collapse of the Terra ecosystem and FTX.
The publication estimates that crypto billionaires have lost about $ 116 billion. Since March, the capital of the industry’s founders and largest investors has decreased by half and many of them have left the list of billionaires.
For instance, in March, Changpeng Zhao’s stake on Binance was estimated at $65 billion, and now it has fallen to just $4.5 billion, which shows how serious the situation is.
In addition, FTX founder Sam Bankman-Fried has lost his billionaire status.
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