Sam Bankman-Fried, on trial for fraud in New York, isn’t the one crypto founder feeling the warmth.
The Bloomberg Billionaires Index slashed its estimate of revenues at crypto trade Binance by 38% after information confirmed volumes on the agency declined this yr. That wiped $11.9 billion from the fortune of Binance’s founder, Changpeng Zhao, often called CZ, dropping him to $17.2 billion.