Wall Street

Fortunes of Crypto Billionaires Are Melting With Bitcoin Crash

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The Street

By Luc Olinga Their fortunes soared with cryptocurrency price records in 2021. It is also shrinking with the price crash. They were the radiant face of the rise of cryptocurrencies in 2021. Some saw them as the symbol of the advent of alternative finance capable of competing with traditional finance. They were basically the new bosses of the “New Wall Street”. The crypto craze had indeed made many millionaires and billionaires but they were in their own league: Changpeng Zhao, founder of Binance, the largest crypto exchange by volume, Sam Bankman-Fried, founder of crypto trading platform FTX.c…

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