NewStats: 3,262,569 , 8,177,530 topics. Date: Monday, 02 June 2025 at 07:13 PM 1g414i

6z3e3g

Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps - Business - Nairaland 1mr3m

Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps (29883 Views)

(4)

(1) Go Down)

Stephenzzz: 12:01pm On Oct 27, 2023
Binance Founder CZ Loses $12 Billion on Crypto-Trading Slump

*Crypto exchange CEO’s wealth has plunged 82% since its peak
*US regulators have sued Binance alleging a range of violations


Sam Bankman-Fried, on trial for fraud in New York, isn’t the only crypto founder feeling the heat.

The Bloomberg Billionaires Index slashed its estimate of revenues at crypto exchange Binance by 38% after data showed volumes at the firm declined this year. That wiped $11.9 billion from the fortune of Binance’s founder, Changpeng Zhao, known as CZ, dropping him to $17.2 billion.

https://www.bloomberg.com/news/articles/2023-10-26/binance-founder-cz-loses-12-billion-on-crypto-trading-slump#xj4y7vzkg

7 Likes 4 Shares

abhosts(m): 12:14pm On Oct 27, 2023
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.

258 Likes 27 Shares

whippersnapper(m): 3:11pm On Oct 27, 2023
make Dangote lose 12 billion in a year I want to check something

27 Likes 6 Shares

Yugoslavia247(m): 3:11pm On Oct 27, 2023
Na billions of dollars wey we dey borrow na him this guy lose.

118 Likes 8 Shares

AllDModsAreMaad: 3:11pm On Oct 27, 2023
The probability of making money with this crypto is lesser than you losing money with crypto.

89 Likes 7 Shares

DropsMic(m): 3:12pm On Oct 27, 2023
Hmmm
emmabest2000(m): 3:12pm On Oct 27, 2023
Danm

17 Likes 3 Shares

99thEnemy(m): 3:12pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.
grin

7 Likes

olaboy33(m): 3:12pm On Oct 27, 2023
V

1 Like

DropsMic(m): 3:12pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.

Dey whyne yourself

64 Likes 11 Shares

EFGH: 3:12pm On Oct 27, 2023
J
PDPdestroyer(m): 3:12pm On Oct 27, 2023
Crypto is one big scam. It has ruined many lives grin
Meanwhile, the Naira is gaining massively, I'm in trouble grin

48 Likes 9 Shares

Robnectar(m): 3:12pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.

Dumb advice to your fellowdumbos🤢🤢

42 Likes 11 Shares

Raskimonojendor: 3:13pm On Oct 27, 2023
Crypto is just gambling.

80 Likes 9 Shares

fixedhollies(m): 3:13pm On Oct 27, 2023
No be there him gather the money before? Money simply went back to the source

23 Likes 1 Share

davidtuzy(m): 3:13pm On Oct 27, 2023
Crypto Fit Give Somebody Heart Attack 😣😣😣

24 Likes 1 Share

chris4gold(m): 3:13pm On Oct 27, 2023
Hmmmm, hope no be wetin I dey think
Ayoola171(m): 3:13pm On Oct 27, 2023
That's serious
Nwaokunkpara: 3:13pm On Oct 27, 2023
Nawa ooo
taiwolomo1: 3:13pm On Oct 27, 2023
H
StOla: 3:13pm On Oct 27, 2023
Yekpaa!

But most currencies have gained massively over the last 4weeks.

BTC gained about $9k moving from $25k to $34k over the 4week period.

34 Likes 6 Shares

DARLINGTON869(m): 3:13pm On Oct 27, 2023
E go up today...e crash tomorrow.....hmmm!
ecolime(m): 3:13pm On Oct 27, 2023
People still dey invest in Crypto? shocked

Don't play, you will learn.

31 Likes 2 Shares

MorataFC: 3:13pm On Oct 27, 2023
Good news to some grin
StOla: 3:14pm On Oct 27, 2023
Raskimonojendor:
Crypto is just gambling.

You are not far from the truth.

17 Likes 2 Shares

bigdammyj: 3:14pm On Oct 27, 2023
Noted.
netpro(m): 3:14pm On Oct 27, 2023
If those are speculating and stockpile dollars in naira don't sell quick and release dollars back to the system in time, when Naira appreciates, they too will be counting losses.

Soon you will start hearing, Buy the Deep.

34 Likes 3 Shares

BigTableShaker(f): 3:14pm On Oct 27, 2023
E don start again..

As Naira dey gain, Crypto dey lose and Vice versa.

6 Likes

juman(m): 3:14pm On Oct 27, 2023
Crypto is MMM.
You would lose your money.

17 Likes 3 Shares

TreasureHunter(m): 3:14pm On Oct 27, 2023
He is still a billionaire

14 Likes

Triangles1(m): 3:14pm On Oct 27, 2023
Scammer's everywhere.

2 Likes

Kobicove(m): 3:15pm On Oct 27, 2023
Good!

Let him see how it feels! grin

(1) Reply)

Marketers Await Dangote Petroleum Product Price List

(Go Up)

Sections: How To . 16
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.