Crypto Moguls See Fortunes Plunge Amid Regulatory Scrutiny and Market Downturn

Binance CEO CZ's net worth has plunged 82% from $96.9B peak in Jan to $17.3B amid falling trading volumes.

Bloomberg index cut Binance's revenue estimates 38% as spot trading market share fell 7 months straight to 34.3%.

CZ fortune drop follows twin lawsuits from SEC & CFTC alleging illegal operations.

Rival SBF saw $16B fortune wiped out as FTX filed bankruptcy after CZ tweet triggered withdrawals.

CZ initially moved to buy FTX but pulled out in under 48 hours as crisis unfolded.