Richest crypto personalities lost $60 billion in this market crash

May 21, 2022

Ethereum co-founder Vitalik Buterin seems to be among the richest crypto personalities who suffered significant losses during the ongoing bear crypto market.

Vitalik Buterin tweeted Friday that he is no longer a billionaire.

Vitalik isn’t the only one who lost considerable net worth. Forbes calculated that Binance CEO CZ’s net worth has dropped from $65 billion to $17.5 billion. 

Coinbase co-founder Fred Ehrsam also lost his position among the billionaires as his net worth dropped to $986 million. 

Coinbase CEO Brian Armstrong lost nearly $3.8 billion in the market collapse triggered by LUNA. 

Ripple founder Jed McCaleb lost $1.1 billion in the last few weeks. 

“The people who are deep into crypto, and especially building things, a lot of them welcome a bear market,” ~ Vitalik Buterin.