Crypto Billionaire Fortunes Vanish as Quickly as They Were Made
Seven of the world’s richest crypto founders have lost a combined $114 billion since November as digital-asset values crumble.
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One built a massive fortune that rivaled the wealthiest US tech titans. Another amassed a war chest that he vowed would change politics and philanthropy. Some were given a second chance at riches after past ventures flamed out.
The cryptocurrency craze turned Changpeng Zhao, Sam Bankman-Fried, Mike Novogratz and a handful of other digital-asset evangelists into billionaires several times over. But just as quickly as they became the new faces of global wealth, they’re now seeing their fortunes vanish at an astonishing rate.