The richest figures in cryptocurrency lost a combined $110 billion in the last year.

Forbes’ 2023 World’s Billionaires List found that the 19 crypto billionaires it identified a year ago – then worth a collective $140bn – are now worth less than $30bn, with 10 losing billionaire status.

The high-profile fall from grace of Sam Bankman-Fried, as his cryptocurrency exchange FTX collapsed from a $32 billion valuation to administration, has seen him drop from $24bn net worth to less than $10m.

He potentially faces life in prison on multiple charges including fraud.

Topping the list is Binance CEO Changpeng Zhao, who has lost an estimated $55bn in 12 months. However his $10.5bn fortune is more than four-times that of his nearest rival Jed McCaleb, co-founder of Ripple, who has now exited the XRP crypto company.

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1. Changpeng Zhao, Binance

$10.5bn (2022: $65bn)

2. Jed McCaleb, ex-Ripple

$2.4bn (2022: $2.5bn)

3. Brian Armstrong, Coinbase

$2.2bn (2022: $6.6bn)

4. Chris Larsen, Ripple

$2.2bn (2022: $4.3bn)

5. Nikil Viswanathan and Joseph Lau, Alchemy

$1.8bn each (2022: $2.4bn each)

7. Cameron and Tyler Winklevoss, Gemini

$1.2bn each (2022: $4bn each)

9. Matthew Roszak, Bloq

$1.1bn (2022: $1.4bn)

10. Song Chi-hyung, Upbit

$950m (2022: $3.7bn)

11. Fred Ehrsam, Coinbase

$930m (2022: $2.1bn)

12. Michael Saylor, Microstrategy Solutions

$760m (2022: $1.6bn)

13. Tim Draper

$650m (2022: $1.2bn)

14. Devin Finzer and Alex Atallah, OpenSea

$600m (2022: $2.2bn)

16. Kim Hyoung-nyon, Upbit

$500m (2022: $1.9bn)

17. Barry Silbert, Digital Currency Group

$320m (2022: $3.2bn)

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