BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Changpeng Zhao Tops List of Crypto Billionaires Despite Legal Woes

by Dan K
Dec 26, 2023 - 9:46 pm
in Blockchain
Portrait of Changpeng Zhao, the former CEO of Binance, who tops the list of cryptocurrency billionaires in 2023.

Former Binance CEO Changpeng Zhao might face prison after admitting to criminal charges in the U.S., but his fortune remarkably increased to over $37 billion.

Bitcoin’s Influence on Zhao’s Fortune

The bounce-back of Bitcoin, which surged over 160% after a tough 2022, played a significant role in driving his net worth. Zhao now leads the pack among cryptocurrency entrepreneurs who have seen their fortunes swell this year.

The Bloomberg Billionaires Index

According to the Bloomberg Billionaires Index, this list includes notable names like Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss. The ex-Binance CEO ranks 35th on the list, just less than a billion shy of Tadashi Yanai, the CEO of retail giant Uniqlo.

Binance’s Market Performance

Zhao’s wealth mainly comes from his major stake in Binance. Despite a slight dip in its market share following the U.S. Department of Justice settlement, Binance benefited from higher trading volumes as the crypto market rebounded.

Legal Challenges and Sentencing

Zhao could face up to 10 years in prison, but his plea deal suggests a shorter sentence, possibly no more than 18 months. The exact length of his sentence is still undecided. On Dec. 9, a judge in Seattle ruled that Zhao can’t return to his home in the UAE for now, with his sentencing set for Feb. 23.

Net Worth Comparison

Despite this year’s financial gain, Zhao’s net worth is still below its peak of nearly $97 billion in early 2022, which was hit hard by the crypto winter brought by the Terra LUNA and FTX collapse.

Tags: BinanceCryptocurrencyCZ
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service