Coinbry

  • Market Cap: $2,480,859,759,776.79
  • 24h Vol: $140,569,667,481.24
  • BTC Dominance: 51.77%
Coinbase and Binance CEOs' net worths squeezed by SEC lawsuits

Coinbase and Binance CEOs’ net worths squeezed by SEC lawsuits

The net worth of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao have suffered losses of 11.8% and 5.1% respectively following lawsuits by the SEC. Zhao’s net worth fell by $1.33 billion within 30 hours of the SEC suing Binance on June 5, while Armstrong’s net worth was slashed by $289 million after the SEC sued Coinbase on June 6. Despite the recent fall, both CEOs have seen net worth increases well above the 9% year-to-date returns for others on Bloomberg’s rich list.

– The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao have suffered heavy blows due to recent lawsuits by the United States securities regulator.

– Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the Securities Exchange Commission (SEC) sued Binance on June 5 and then Coinbase on June 6.

– Despite the recent fall, both CEOs have seen net worth increases well above the 9% year-to-date returns for others on Bloomberg’s rich list.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.