This week’s U.S. government crackdown on crypto trading platforms Binance and Coinbase come at a hefty price tag for their billionaire founders, Changpeng Zhao and Brian Armstrong.
Nearly $2 billion of their combined wealth has been wiped away after the Securities and Exchange Commission, which claims responsibility for regulating virtually all of the 25,000 digital tokens in existence, filed lawsuits alleging both crypto exchanges operated unlawfully.
