Changpeng Zhao, Sam Bankman-Fried and Brian Armstrong have all lost billions in the so-called Crypto Winter. Photos: @changpengzhao/Instagram, Bloomberg, Reuters
Changpeng Zhao, Sam Bankman-Fried and Brian Armstrong have all lost billions in the so-called Crypto Winter. Photos: @changpengzhao/Instagram, Bloomberg, Reuters

Crypto’s biggest losers: 5 billionaires who lost the most in 2022 – Sam Bankman-Fried’s net worth took a US$23 billion hit, but Brian Armstrong and Binance’s Changpeng Zhao also have big money woes

  • The collapse of Sam Bankman-Fried and Gary Wang’s FTX triggered a crash in the crypto market that has wiped billions from the net worths of the industry’s richest individuals
  • From Binance CEO Changpeng Zhao, better known as CZ, to Ripple’s Chris Larsen and Coinbase’s Brian Armstrong – almost none of crypto’s biggest names escaped unscathed

Changpeng Zhao, Sam Bankman-Fried and Brian Armstrong have all lost billions in the so-called Crypto Winter. Photos: @changpengzhao/Instagram, Bloomberg, Reuters
Changpeng Zhao, Sam Bankman-Fried and Brian Armstrong have all lost billions in the so-called Crypto Winter. Photos: @changpengzhao/Instagram, Bloomberg, Reuters
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