Crypto founders lose $116 billion in 2022

The most losing Binance founder Ching Ping Zhao

Crypto founders and bitcoin tycoons lost $116 billion in 2022, with Binance founder Chengping Zhao leading the lose, dropping his wealth from $65 billion in January 2022 to about $4.5 billion currently.

In second place came FTX founder Sam Bankman Fred, who lost his current total wealth of $24 billion in January 2022.

Coinbase founder Brian Armstrong lost about $4.5 billion to his current fortune of $1.5 billion from $6 billion in January 2022