SEC lawsuits squeeze web worths of Coinbase and Binance CEOs

The web worths of Coinbase (NASDAQ:) CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows on account of current lawsuits by america securities regulator.

Armstrong’s web price was slashed by $289 million and Zhao’s by $1.33 billion inside a span of 30 hours after the Securities Alternate Fee (SEC) sued Binance on June 5 after which Coinbase on June 6, in line with information from the Bloomberg Billionaires Index and Forbes.

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