Two years ago, the sudden collapse of Sam Bankman-Fried’s FTX sent several of the world’s high-flying crypto billionaires scrambling to preserve their wealth from the regulatory backlash to come.
Bitcoin’s surge to a record on Tuesday shows how quickly their fortunes have changed. The richest digital-asset tycoons have gained about $70 billion in wealth since the end of 2022, propelled in recent days by Donald Trump’s US election win. Binance Holdings Ltd.’s Changpeng Zhao, known as CZ, leads the recovery, with a surge of about $49 billion according to the Bloomberg Billionaires Index.
