{"id":215335,"date":"2024-04-07T09:00:48","date_gmt":"2024-04-07T09:00:48","guid":{"rendered":"https:\/\/www.techopedia.com\/?p=215335"},"modified":"2024-04-07T09:00:48","modified_gmt":"2024-04-07T09:00:48","slug":"top-5-billionaires-who-lost-the-most-money-in-crypto","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto","title":{"rendered":"Top 5 Billionaires Who Lost the Most Money in Crypto"},"content":{"rendered":"<p>From the <a href=\"https:\/\/www.techopedia.com\/the-sam-bankman-fried-saga-from-crypto-tycoon-to-alleged-fraudster\">collapse of Sam Bankman-Fried<\/a> (SBF) and Gary Wang\u2019s FTX to the fall of Binance\u2019s <a href=\"https:\/\/www.techopedia.com\/definition\/changpeng-zhao-cz#:~:text=22%20November%2C%202023-,Who%20is%20Changpeng%20Zhao%3F,crypto%20exchange%20by%20trading%20volume.\">Changpeng Zhao<\/a> (CZ), the <a href=\"https:\/\/www.techopedia.com\/definition\/27531\/cryptocurrency\">cryptocurrency<\/a> industry has witnessed some of the biggest pitfalls in the last couple of years, with a number of notable individuals losing millions if not billions of dollars-worth in crypto.<\/p>\n<p>Who lost the most money in crypto in past years, and why are even seasoned investors and billionaires prone to lose money in the industry?<\/p>\n<p>We talked to experts about the major reasons for such dire losses and identified the key best practices crypto investors could use to protect their money.<\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:\u201c3\u201dpx;-moz-border-radius:\u201c3\u201dpx;-webkit-border-radius:\u201c3\u201dpx;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:\u201c3\u201dpx;-moz-border-radius:\u201c3\u201dpx;-webkit-border-radius:\u201c3\u201dpx;\">\n<h2><span id=\"key_takeaways\">Key Takeaways<\/span><\/h2>\n<ul>\n<li>Crypto investments are prone to fall victim to high volatility and risks, as evidenced by massive losses experienced by key figures in the industry.<\/li>\n<li>Understanding the underlying technology and market dynamics is crucial for navigating the complexities of the crypto space.<\/li>\n<li>Seasoned investors can also face significant losses, highlighting the unpredictability of crypto markets.<\/li>\n<li>Implementing strong security practices and risk management strategies is essential for protecting investments.<\/li>\n<\/ul>\n<\/div><\/div>\n<div>\n    <section class=\"toc-sticky w-100 bg-white \">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\"\n                 aria-controls=\"multiCollapse1\"\n                 data-bs-target=\"#multiCollapse1\">\n                <button\n                        class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\"\n                >\n                    <i class=\"icon-chevron-up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n                <span class=\"toc-main-title-permanent\">Table of Contents<\/span>\n            <\/div>\n            <div\n                    class=\"collapse my-3\"\n                    id=\"multiCollapse1\"\n            >\n                <ol class=\"StepProgress\">\n                                                                        <li class=\"StepProgress-item current\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"key_takeaways\"\n                               onclick=handleScrollToTitle(\"key_takeaways\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Key Takeaways<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"who_lost_the_most_money_in_crypto\"\n                               onclick=handleScrollToTitle(\"who_lost_the_most_money_in_crypto\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Who Lost the Most Money in Crypto?<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"why_even_seasoned_investors_lose_money_on_crypto\"\n                               onclick=handleScrollToTitle(\"why_even_seasoned_investors_lose_money_on_crypto\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Why Even Seasoned Investors Lose Money on Crypto?<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"best_practices_to_protect_your_money_risk_management_research\"\n                               onclick=handleScrollToTitle(\"best_practices_to_protect_your_money_risk_management_research\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Best Practices to Protect Your Money: Risk Management &amp; Research<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"the_bottom_line\"\n                               onclick=handleScrollToTitle(\"the_bottom_line\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">The Bottom Line<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"faqs\"\n                               onclick=handleScrollToTitle(\"faqs\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">FAQs<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"references\"\n                               onclick=handleScrollToTitle(\"references\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">References<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                    <\/ol>\n                <div class=\"toc-sticky__container__disperse\"><\/div>\n                <div class=\"toc-sticky__btn-top justify-content-center\">\n                    <button class=\"btn btn-link d-flex align-items-center\" onclick={btnTop()}><p>Show Full Guide<\/p><img decoding=\"async\"\n                                src=\"\/wp-content\/plugins\/table-of-contents\/assets\/images\/arrow-up-circle.svg\"\n                                alt=\"arrow-up-circle\">\n                    <\/button>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n    <div class=\"toc-sticky-list\">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\" aria-controls=\"multiCollapse2\" data-bs-target=\"#multiCollapse2\">\n                <button class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\">\n                    <i class=\"icon-chevron-up up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n            <\/div>\n            <div  class=\"collapse my-3\" id=\"multiCollapse2\">\n                <ol class=\"StepProgress\">\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item current \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"key_takeaways\"\n                                   onclick=handleScrollToTitle(\"key_takeaways\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Key Takeaways<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"who_lost_the_most_money_in_crypto\"\n                                   onclick=handleScrollToTitle(\"who_lost_the_most_money_in_crypto\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Who Lost the Most Money in Crypto?<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"why_even_seasoned_investors_lose_money_on_crypto\"\n                                   onclick=handleScrollToTitle(\"why_even_seasoned_investors_lose_money_on_crypto\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Why Even Seasoned Investors Lose Money on Crypto?<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t\n\t\t\t\t\t\t <span class=\"show_moretoc\">Show Full Guide<\/span>\n\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"best_practices_to_protect_your_money_risk_management_research\"\n                                   onclick=handleScrollToTitle(\"best_practices_to_protect_your_money_risk_management_research\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Best Practices to Protect Your Money: Risk Management &amp; Research<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"the_bottom_line\"\n                                   onclick=handleScrollToTitle(\"the_bottom_line\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">The Bottom Line<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"faqs\"\n                                   onclick=handleScrollToTitle(\"faqs\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">FAQs<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"references\"\n                                   onclick=handleScrollToTitle(\"references\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">References<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                                    <\/ol>\n            <\/div>\n            <div class=\"toc-sticky__container__disperse\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n<script id=\"toc-js\">\n    window.addEventListener(\"DOMContentLoaded\", () => {\n        const header = document.querySelector(\".header_wrapper\");\n\n        const pageLegend = document.querySelector('#multiCollapse1');\n        const pageLegendList = document.querySelector('#multiCollapse2');\n        const pageLegendCollapse = new bootstrap.Collapse(pageLegend, {toggle: document.querySelector(\".toc-sticky\").classList.contains('sticky')});\n\n        \/**\n         * Changing current title\n         *\/\n        (function (pageLegend) {\n            const titleNodes = pageLegend.querySelectorAll('.StepProgress-item__link');\n\n            if (!titleNodes.length) return;\n\n            const titles = [...titleNodes].map((itm, i) => ({\n                id: itm.getAttribute('data-id'),\n                text: itm.textContent,\n                level: itm.getAttribute('data-level'),\n                linkNode: itm,\n                titleNode: document.getElementById(itm.getAttribute('data-id')),\n                index: i,\n            }));\n\n            \/**\n             * Source: https:\/\/www.sitepoint.com\/throttle-scroll-events\/\n             * @param {Function} fn\n             * @param {number} wait\n             * @returns {(function(): void)|*}\n             *\/\n            const throttle = (fn, wait) => {\n                let time = Date.now();\n                return function () {\n                    if ((time + wait - Date.now()) < 0) {\n                        fn();\n                        time = Date.now();\n                    }\n                }\n            }\n\n            const changeCurrentTitle = () => {\n                const documentScrollTop = window.pageYOffset || document.documentElement.scrollTop || document.body.scrollTop || 0;\n                let current = 0;\n\n                \/\/ Title\n                titles.forEach((itm, i) => {\n\t\t\t\t\/\/console.log(itm)\n                    const itmOffsetTop = itm.titleNode ? itm.titleNode.offsetTop - 100 : 0;\n\n                    if (documentScrollTop >= itmOffsetTop) {\n                        document.getElementById('toc-current-title').innerHTML = itm.text;\n                        document.getElementById('toc-current-title').setAttribute('data-current-id', itm.id);\n                        document.getElementById('toc-current-title').setAttribute('data-current-level', itm.level);\n                        current = i;\n                    }\n                })\n\n                \/\/ close all list and open sub list if needed\n                if (document.querySelector(\".toc-sticky\").classList.contains('sticky')) {\n                    document.querySelectorAll('.subList-in-progress').forEach((el) => {\n                        el.children[1].classList.remove('show');\n                        el.getElementsByClassName('icon-chevron-down')[0].classList.remove('up');\n                    });\n                    const currentEl = titles[current];\n                    currentEl.linkNode.classList.add('show');\n                }\n\n                titles.forEach((itm, i) => {\n                    itm.linkNode.parentNode.parentNode.classList.remove('current', 'is-done');\n                    if (current > i) {\n                        itm.linkNode.parentNode.parentNode.classList.add('is-done')\n                    };\n                    if (current === i) {\n                      itm.linkNode.parentNode.parentNode.classList.add('current');\n                    };\n                })\n\n            }\n\n            changeCurrentTitle();\n\n            document.addEventListener('scroll', throttle(changeCurrentTitle, 50));\n        })(pageLegend);\n\n\n        \/**\n         *  Collapse\n         *\/\n        (function (pageLegend, header) {\n            const icon = pageLegend.parentNode.querySelector(\".collapse-action-btn i\");\n\n            const collapseToggle = (status) => (e) => {\n                if (!e.target.isEqualNode(pageLegend)) return;\n\n                icon.classList.toggle(\"up\");\n\n                const containerHeight = pageLegend.getBoundingClientRect().height;\n\n                const showSubtitleContent = () => {\n                    const currentId = document.getElementById('toc-current-title').getAttribute('data-current-id');\n                    const currentLevel = document.getElementById('toc-current-title').getAttribute('data-current-level');\n                    const currentSubTitle = currentLevel == 3 ? document.querySelector(`a[data-id=\"${currentId}\"]`).parentNode.parentNode.parentNode : false;\n\n                    if (!currentSubTitle) return;\n                    new bootstrap.Collapse(currentSubTitle, {toggle: false}).show();\n                }\n\n                showSubtitleContent();\n                if (status === 'shown' && document.querySelector(\".toc-sticky\").classList.contains('sticky') ) {\n                    document.querySelector('html').classList.remove('overflow-hidden');\n                    pageLegend.classList.add('overflow-auto');\n                    pageLegend.style.height = `calc(100vh - ${header.getBoundingClientRect().height + document.querySelector('.toc-sticky__open').getBoundingClientRect().height + 16}px)`;\n                } else if (status === 'hide') {\n                    document.querySelector('html').classList.remove('overflow-hidden');\n                    pageLegend.classList.remove('overflow-auto');\n                    pageLegend.style.height = 'auto';\n                }\n            }\n\n            pageLegend.addEventListener('shown.bs.collapse', collapseToggle('shown'));\n            pageLegend.addEventListener('hide.bs.collapse', collapseToggle('hide'));\n        })(pageLegend, header);\n\n        \/**\n         * Collapse sub-titles\n         *\/\n        (function (pageLegend) {\n            const collapseEls = pageLegend.querySelectorAll('.collapse');\n\n            collapseEls.forEach(function (el) {\n\n                const toggleArrowDirection = function (e) {\n                    if (!e.target.isEqualNode(el)) return;\n\n                    const id = this.getAttribute('id');\n                    document.querySelector(`.collapse-action-btn[data-bs-target=\"#${id}\"] .icon-chevron-down`).classList.toggle('up');\n                }\n                el.addEventListener('shown.bs.collapse', toggleArrowDirection);\n                el.addEventListener('hide.bs.collapse', toggleArrowDirection);\n            })\n        })(pageLegend);\n\n        \/**\n         *  Collapse main title\n         *\/\n        (function (pageLegendList) {\n            const icon = pageLegendList.parentNode.querySelector(\".collapse-action-btn i\");\n\n            const collapseToggle = () => (e) => {\n                if (!e.target.isEqualNode(pageLegendList)) return;\n\n                icon.classList.toggle(\"up\");\n\n            }\n            pageLegendList.addEventListener('shown.bs.collapse', collapseToggle());\n            pageLegendList.addEventListener('hide.bs.collapse', collapseToggle());\n        })(pageLegendList);\n\n        (function (pageLegendList) {\n            const collapseEls = pageLegendList.querySelectorAll('.collapse');\n\n            collapseEls.forEach(function (el) {\n\n                const toggleArrowDirection = function (e) {\n                    if (!e.target.isEqualNode(el)) return;\n\n                    const id = this.getAttribute('id');\n                    document.querySelector(`.toc-sticky-list .collapse-action-btn[data-bs-target=\"#${id}\"] .icon-chevron-down`).classList.toggle('up');\n                }\n                el.addEventListener('shown.bs.collapse', toggleArrowDirection);\n                el.addEventListener('hide.bs.collapse', toggleArrowDirection);\n            })\n        })(pageLegendList);\n\n        \/**\n         * Sticky functionality\n         * Source: https:\/\/stackoverflow.com\/questions\/17893771\/javascript-sticky-div-after-scroll\n         *\/\n        (function (header, pageLegendCollapse) {\n            \/\/ set everything outside the onscroll event (less work per scroll)\n            const target = document.querySelector(\".toc-sticky\");\n            const targetListStatic = document.querySelector(\".toc-sticky-list\");\n\n            if (!target || !header) return;\n\n            const headerHeight = header.getBoundingClientRect().height;\n            const targetHeight = targetListStatic.getBoundingClientRect().height;\n\n            \/\/ -headerHeight so it won't be jumpy\n            const stop = targetListStatic.offsetTop + headerHeight + targetHeight;\n            const docBody =\n                document.documentElement || document.body.parentNode || document.body;\n            const hasOffset = window.pageYOffset !== undefined;\n\n            const applySticky = function () {\n                \/\/ cross-browser compatible scrollTop.\n                const scrollTop = hasOffset ? window.pageYOffset : docBody.scrollTop;\n\n                \/\/ if user scrolls to headerHeight from the top of the target div\n                if (scrollTop >= stop) {\n                    pageLegendCollapse.hide();\n                    \/\/ stick the div\n                    target.classList.add(\"sticky\");\n                    \/\/target.style.marginTop = `${headerHeight}px`;\n                } else {\n                    pageLegendCollapse.show();\n                    \/\/ release the div\n                    target.classList.remove(\"sticky\");\n                    target.style.marginTop = \"\";\n                }\n            }\n\n            applySticky();\n\n            window.addEventListener('scroll', applySticky);\n        })(header, pageLegendCollapse);\n\tjQuery('span.show_moretoc').click(function(){\n\t\tjQuery('span.show_moretoc').hide();\n\t   jQuery('.ms_hidetoc').show();\n\t});\n    });\n\n    \/\/ When the user clicks on the button, scroll to the top of the document\n    function btnTop() {\n        const pageLegend = document.querySelector('#multiCollapse1');\n        document.querySelector('html').classList.remove('overflow-hidden');\n        pageLegend.classList.remove('overflow-auto');\n        pageLegend.style.height = 'auto';\n        window.scrollTo({\n            top: 0,\n            behavior: 'smooth'\n        });\n    }\n\n    const handleScrollToTitle = (id) => {\n        const el = document.getElementById(id);\n        const headerHeightDifference = window.innerWidth < 992 ? -30 : -15;\n        window.scrollTo({\n            top: el.offsetTop - 60 - headerHeightDifference - 10,\n        });\n    }\n<\/script>\n\n<h2><span id=\"who_lost_the_most_money_in_crypto\">Who Lost the Most Money in Crypto?<\/span><\/h2>\n<p>The cryptocurrency market continues to be highly <a href=\"https:\/\/www.techopedia.com\/definition\/volatility\">volatile<\/a>, which is why investors must be able to grasp the fundamentals before judging the risks or getting caught up in the hype and <a href=\"https:\/\/www.techopedia.com\/definition\/fear-of-missing-out-fomo\">fear of missing out <\/a>(FOMO) of many <a href=\"https:\/\/www.techopedia.com\/definition\/34630\/decentralized-finance-defi\">decentralized finance<\/a> (DeFi) projects, <strong>Dr. Fardad Zand, the co-founder and CEO of <\/strong><a href=\"https:\/\/wisdomise.com\/en\" target=\"_blank\"><strong>Wisdomise<\/strong><\/a>, told Techopedia.<\/p>\n<blockquote><p>\u201cPoor security practices can also lead to losses from scams and hacks. In addition, overleveraging amplifies potential gains and losses for traders \u2014 many get liquidated when the volatile market turns against them.\u201d<\/p><\/blockquote>\n<p>The lack of a solid <a href=\"https:\/\/www.techopedia.com\/definition\/25836\/it-risk-management\">risk management<\/a> strategy that would dictate to investors when the right time to exit a trade is regardless of its outcome is also another reason why individuals could be prone to lose large sums of money while trading cryptocurrencies, <strong>Jonathan Solomon, the co-founder and co-CEO of <\/strong><a href=\"https:\/\/www.aria-crypto.com\" target=\"_blank\"><strong>ARIA<\/strong><\/a>, added.<\/p>\n<p>So, who were the people who lost the most money in crypto in recent years?<\/p>\n<figure id=\"attachment_215361\" aria-describedby=\"caption-attachment-215361\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers-203x300.jpg\" alt=\"Top 5 Crypto Billionaires Who Lost the Most Money in Crypto\" width=\"1200\" height=\"1778\" class=\"wp-image-215361\" srcset=\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers-203x300.jpg 203w, https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers-691x1024.jpg 691w, https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers-768x1138.jpg 768w, https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers-1037x1536.jpg 1037w, https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers-1383x2048.jpg 1383w, https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers-1200x1778.jpg 1200w, https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/Cryptos-Biggest-Losers.jpg 1390w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-215361\" class=\"wp-caption-text\">Source: Statista<\/figcaption><\/figure>\n<h3>Changpeng Zhao (CZ): $82 Billion<\/h3>\n<p>One of the most prominent names in the cryptocurrency industry, the former CEO of Binance Changpeng Zhao, allegedly lost around <a href=\"https:\/\/www.statista.com\/statistics\/1351742\/billionaires-who-lost-most-money-crypto-crash\/\" target=\"_blank\">$82 billion<\/a> during the crypto winter of 2022, data on Statista showed.<\/p>\n<p>However, since then, the crypto billionaire\u2019s net worth continued to decline, as he <a href=\"https:\/\/www.techopedia.com\/cz-binance-ceo-steps-down-after-4-billion-settlement-with-doj\">pleaded guilty to violating anti-money laundering requirements<\/a> enforced by the U.S. Department of Justice in late November 2023 and paid a $4 billion settlement.<\/p>\n<p>Despite the losses, it is estimated that CZ has a <a href=\"https:\/\/www.forbes.com\/profile\/changpeng-zhao\/?sh=10d203466277\" target=\"_blank\">net worth of $33 billion as of April 2024<\/a>.<\/p>\n<h3>Sam Bankman-Fried (SBF): $23 Billion<\/h3>\n<p>Another prominent name in the cryptocurrency industry, <a href=\"https:\/\/www.techopedia.com\/definition\/sam-bankman-fried\">Sam Bankman-Fried<\/a>, was the former co-founder of the doomed crypto exchange FTX, who lost about $23 billion, according to Statista, as the value of FTX and related assets collapsed.<\/p>\n<p>ARIA\u2019s Solomon noted that in SBF\u2019s case, his losses could have been attributed to high-risk strategies that led to significant financial losses.<\/p>\n<p>However, SBF had also faced allegations of fraud for his role in the collapse of FTX, including defrauding the exchange&#8217;s customers. His actions led to a significant loss of customer funds and investments, resulting in his arrest and a trial where he was found guilty.<\/p>\n<p>On April 1, 2024, SBF revealed that he was planning to appeal his <a href=\"https:\/\/www.techopedia.com\/news\/sam-bankman-fried-sentenced-to-25-years-in-prison-for-ftx-collapse\">25-year sentence<\/a> in an exclusive interview with <a href=\"https:\/\/abcnews.go.com\/US\/ftx-founder-sam-bankman-fried-speaks-after-sentencing\/story?id=108634072\" target=\"_blank\">ABC News<\/a>.<\/p>\n<h3>Brian Armstrong: $4.7 Billion<\/h3>\n<p>Brian Armstrong, the co-founder and CEO of Coinbase, is another big name in the cryptocurrency space who lost a significant amount of money when the market plummeted in 2022.<\/p>\n<p>Armstrong&#8217;s wealth was closely tied to Coinbase&#8217;s performance and the overall health of the crypto market. Therefore, when the crypto winter occurred in 2022, and the industry faced substantial losses, so did Armstrong\u2019s net worth.<\/p>\n<p>Still, even with the loss of $4.7 billion, estimated by Statista, <a href=\"https:\/\/www.forbes.com\/profile\/brian-armstrong\/\" target=\"_blank\">Brian Armstrong\u2019s net worth is $10.9 billion<\/a> as of April 2024.<\/p>\n<p><strong>Anndy Lian, an inter-governmental <\/strong><a href=\"https:\/\/www.techopedia.com\/definition\/30246\/blockchain\"><strong>blockchain<\/strong><\/a><strong> adviser<\/strong>, further explained how the 2022 <a href=\"https:\/\/www.techopedia.com\/definition\/crypto-winter-crypto-bear-market\">crypto winter<\/a> could have affected investors:<\/p>\n<blockquote><p>\u201cMany investors are drawn to the allure of quick profits without fully understanding the assets they\u2019re investing in. This, coupled with the market\u2019s notorious volatility, can lead to substantial financial losses.<\/p>\n<p>&nbsp;<\/p>\n<p>Prices in the crypto market can swing dramatically, and without a solid grasp of market trends and the factors driving them, investors can find themselves buying high and selling low.\u201d<\/p><\/blockquote>\n<h3>Gary Wang: $1.7 Billion<\/h3>\n<p>Gary Wang, the former co-founder and CTO of FTX, also faced a substantial loss of about $1.7 billion following the collapse of the FTX cryptocurrency exchange, according to Statista.<\/p>\n<p>Most of his fortune was tied up in a 16% stake in FTX and a share of its FTT tokens. As of April 2024, <a href=\"https:\/\/www.forbes.com\/profile\/gary-wang-1\/?sh=691cebe519d0\" target=\"_blank\">Garry Wang dropped off all the Forbes ratings<\/a>.<\/p>\n<h3>Chris Larsen: $1.3 Billion<\/h3>\n<p>Chris Larsen is known as a pioneering force in cryptocurrency, having co-founded <a href=\"https:\/\/www.techopedia.com\/definition\/what-is-ripple-xrp-everything-you-ever-wanted-to-know\">Ripple<\/a>, a digital payment protocol and currency exchange.<\/p>\n<p>In 2022, he also faced a significant loss of $1.3 billion due to the downturn in the cryptocurrency market, according to Statista.<\/p>\n<p>As of April 2024, <a href=\"https:\/\/www.forbes.com\/profile\/chris-larsen\/?sh=71d663c157ed\" target=\"_blank\">Larsen\u2019s net worth is $3.2 billion<\/a>.<\/p>\n<h3>Other Prominent Losses: TerraUSD\/LUNA Crash<\/h3>\n<p>Meanwhile, the collapse of the TerraUSD (UST) <a href=\"https:\/\/www.techopedia.com\/definition\/stablecoin\">stablecoin<\/a> and its sister cryptocurrency, <a href=\"https:\/\/www.techopedia.com\/definition\/terra-luna\">LUNA<\/a>, is not directly linked to one person losing all their assets. Industry experts allege this collapse was one of the most \u201ccatastrophic\u201d losses in the crypto market.<\/p>\n<p>The pitfall of TerraUSD and Luna in May 2022 wiped out almost $45 billion in crypto <a href=\"https:\/\/www.techopedia.com\/definition\/market-cap-market-capitalization\">market capitalization<\/a> in just one week.<\/p>\n<p>Do Kwon, the co-founder of Terraform Labs, is often blamed for this collapse; however, his losses are not mentioned in public sources.<\/p>\n<h2><span id=\"why_even_seasoned_investors_lose_money_on_crypto\">Why Even Seasoned Investors Lose Money on Crypto?<\/span><\/h2>\n<p>Many might think that seasoned investors are rarely ever prone to face substantial losses in the crypto space, but that is rarely true.<\/p>\n<p>Wisdomise\u2019s Dr. Zand explained:<\/p>\n<p>\u201cSometimes, overconfidence leads them to misjudge the actual risks involved. The technological complexities of blockchain and <a href=\"https:\/\/www.techopedia.com\/definition\/32499\/smart-contract\">smart contracts<\/a> are easy to overlook or misunderstand.<\/p>\n<p>The crypto market is susceptible to manipulation by wealthy <a href=\"https:\/\/www.techopedia.com\/definition\/whale-crypto-trading\">&#8220;whale&#8221; players<\/a>, which can catch experienced investors off guard with volatile price swings. Some <a href=\"https:\/\/www.techopedia.com\/definition\/black-swan-event\">black swan events<\/a> like major exchange hacks or new regulations can also unpredictably impact the entire market.\u201d<\/p>\n<p>Lian added that the complexity of the market, which is often characterized by its rapid evolution and the development of new technologies, could also pose significant challenges that even seasoned investors cannot evade.<\/p>\n<p>Additionally, the crypto space is prone to <a href=\"https:\/\/www.techopedia.com\/10-most-common-cryptocurrency-scams\">high-profile scams<\/a> and security breaches, which can also lead to financial losses.<\/p>\n<p>Lian added:<\/p>\n<blockquote><p>\u201cMarket manipulation is another hazard that can lead to losses. Influential players can distort market prices, affecting the entire market and catching even the most vigilant investors off guard.\u201d<\/p><\/blockquote>\n<h2><span id=\"best_practices_to_protect_your_money_risk_management_research\">Best Practices to Protect Your Money: Risk Management &amp; Research<\/span><\/h2>\n<p>Lian highlighted that some of the critical takeaways from situations like these are the importance of risk management and research. He said:<\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-checked=\"true\" aria-level=\"1\"><strong>Understanding the assets, the technology behind them, and the market dynamics<\/strong> is crucial for making informed decisions.<\/li>\n<li style=\"font-weight: 400;\" aria-checked=\"true\" aria-level=\"1\"><strong>Emotional discipline<\/strong> is also essential; investors must learn to control their emotions and avoid making impulsive decisions based on <a href=\"https:\/\/www.techopedia.com\/definition\/fear-and-greed-index\">fear or greed<\/a>.<\/li>\n<li style=\"font-weight: 400;\" aria-checked=\"true\" aria-level=\"1\">Moreover, the significance of <a href=\"https:\/\/www.techopedia.com\/cryptocurrency-security-best-practices-for-keeping-digital-assets-safe\">security practices<\/a> cannot be overstated.<\/li>\n<li style=\"font-weight: 400;\" aria-checked=\"true\" aria-level=\"1\">Investors should <strong>prioritize the security<\/strong> of their investments by using <a href=\"https:\/\/www.techopedia.com\/cryptocurrency\/best-crypto-leverage-trading-platforms\">reputable platforms<\/a>, enabling <a href=\"https:\/\/www.techopedia.com\/definition\/13699\/twofactor-authentication\">two-factor authentication<\/a>, and being wary of <a href=\"https:\/\/www.techopedia.com\/definition\/ponzi-scheme\">too-good-to-be-true schemes<\/a> that could be fraudulent.<\/li>\n<\/ul>\n<\/div><\/div>\n<p>Additionally, developing a long-term investment strategy could also act as a safety net for many investors.<\/p>\n<p>ARIA\u2019s Solomon said:<\/p>\n<blockquote><p>\u201cThe historical <a href=\"https:\/\/www.techopedia.com\/cryptocurrency\/bitcoin-price-prediction\">performance of Bitcoin<\/a> illustrates that holding investments over the long term has been profitable for those who have stayed the course, unlike many traders who have faced challenges in recent years. This emphasizes the importance of patience and the potential benefits of a long-term investment horizon in the crypto market.\u201d<\/p><\/blockquote>\n<h2><span id=\"the_bottom_line\">The Bottom Line<\/span><\/h2>\n<p>The dramatic losses in the crypto world underline the high volatility and risk inherent in cryptocurrency investments, as well as the market\u2019s complexity and rapid evolution.<\/p>\n<p>From the collapse of FTX, affecting Sam Bankman-Fried and Gary Wang, to the regulatory challenges faced by Changpeng Zhao and the market downturns impacting Brian Armstrong and Chris Larsen, these events highlight the precarious nature of wealth in the crypto industry.<\/p>\n<p>They serve as a reminder of the importance of having robust risk management, a deep understanding of blockchain technology, and the importance of navigating the market with caution.<\/p>\n<h2><span id=\"faqs\">FAQs<\/span><\/h2>\n<div class=\"man_faq_sec\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><\/time><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Which crypto owner lost billions?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">All five big crypto players mentioned in the article lost billions. However, the person who lost the most money was former Binance CEO Changpeng Zhao, who saw a loss of $82 billion during the crypto winter in 2022.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Who lost a lot of money on <a href=\"https:\/\/www.techopedia.com\/definition\/27193\/bitcoin-btc\">Bitcoin<\/a>?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Due to the volatility of crypto assets, many individuals are prone to losing significant amounts of Bitcoin. However, specific names are not documented.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Who lost the most money in FTX?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Sam Bankman-Fried lost the most in the FTX collapse, with an approximate loss of $23 billion, according to Statista.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How many people have lost on Bitcoin?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">It&#8217;s challenging to calculate how many people have lost on Bitcoin, as losses are widespread across various market downturns.<\/p>\r\n                <\/div><\/div><\/section>\n<div class=\"reference-content\">\n<div class=\"reference-heading reference-content-collapsible-heading\">\n<h2><span id=\"references\">References<\/span><\/h2>\n<\/div>\n<div class=\"reference-content-body\">\n<ol>\n<li><a href=\"https:\/\/wisdomise.com\/en\" target=\"_blank\">https:\/\/wisdomise.com\/en<\/a>\u00a0(Wisdomise)<\/li>\n<li><a href=\"https:\/\/www.aria-crypto.com\/\" target=\"_blank\">https:\/\/www.aria-crypto.com\/<\/a>\u00a0(Aria-crypto)<\/li>\n<li><a href=\"https:\/\/www.statista.com\/statistics\/1351742\/billionaires-who-lost-most-money-crypto-crash\/\" target=\"_blank\">https:\/\/www.statista.com\/statistics\/1351742\/billionaires-who-lost-most-money-crypto-crash\/<\/a>\u00a0(Statista)<\/li>\n<li><a href=\"https:\/\/www.forbes.com\/profile\/changpeng-zhao\/?sh=10d203466277\" target=\"_blank\">https:\/\/www.forbes.com\/profile\/changpeng-zhao\/?sh=10d203466277<\/a>\u00a0(Forbes)<\/li>\n<li><a href=\"https:\/\/abcnews.go.com\/US\/ftx-founder-sam-bankman-fried-speaks-after-sentencing\/story?id=108634072\" target=\"_blank\">https:\/\/abcnews.go.com\/US\/ftx-founder-sam-bankman-fried-speaks-after-sentencing\/story?id=108634072<\/a>\u00a0(Abcnews.go)<\/li>\n<li><a href=\"https:\/\/www.forbes.com\/profile\/brian-armstrong\/\" target=\"_blank\">https:\/\/www.forbes.com\/profile\/brian-armstrong\/<\/a>\u00a0(Forbes)<\/li>\n<li><a href=\"https:\/\/www.forbes.com\/profile\/gary-wang-1\/?sh=691cebe519d0\" target=\"_blank\">https:\/\/www.forbes.com\/profile\/gary-wang-1\/?sh=691cebe519d0<\/a>\u00a0(Forbes)<\/li>\n<li><a href=\"https:\/\/www.forbes.com\/profile\/chris-larsen\/?sh=71d663c157ed\" target=\"_blank\">https:\/\/www.forbes.com\/profile\/chris-larsen\/?sh=71d663c157ed<\/a>\u00a0(Forbes)<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>From the collapse of Sam Bankman-Fried (SBF) and Gary Wang\u2019s FTX to the fall of Binance\u2019s Changpeng Zhao (CZ), the cryptocurrency industry has witnessed some of the biggest pitfalls in the last couple of years, with a number of notable individuals losing millions if not billions of dollars-worth in crypto. Who lost the most money [&hellip;]<\/p>\n","protected":false},"author":286591,"featured_media":215383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[602],"tags":[],"category_partsoff":[],"class_list":["post-215335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Who Lost The Most Money in Crypto? Here\u2019re Top 5 Losers Techopedia<\/title>\n<meta name=\"description\" content=\"Who were the biggest names in the crypto industry that lost the most in recent years? We explore the top 5 crypto losers in recent years.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 Billionaires Who Lost the Most Money in Crypto\" \/>\n<meta property=\"og:description\" content=\"Who were the biggest names in the crypto industry that lost the most in recent years? We explore the top 5 crypto losers in recent years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto\" \/>\n<meta property=\"og:site_name\" content=\"Techopedia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techopedia\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-07T09:00:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"686\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iliana Mavrou\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/IlianaMavrou\" \/>\n<meta name=\"twitter:site\" content=\"@techopedia\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iliana Mavrou\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto\"},\"author\":{\"name\":\"Iliana Mavrou\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/f65c862209ebdb8e753153efdc0a7df3\"},\"headline\":\"Top 5 Billionaires Who Lost the Most Money in Crypto\",\"datePublished\":\"2024-04-07T09:00:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto\"},\"wordCount\":1623,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg\",\"articleSection\":\"\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto\",\"url\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto\",\"name\":\"Who Lost The Most Money in Crypto? Here\u2019re Top 5 Losers Techopedia\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg\",\"datePublished\":\"2024-04-07T09:00:48+00:00\",\"description\":\"Who were the biggest names in the crypto industry that lost the most in recent years? We explore the top 5 crypto losers in recent years.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg\",\"width\":1200,\"height\":686,\"caption\":\"Who Lost The Most Money in Crypto? Here\u2019re Top 5 Losers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.techopedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cryptocurrency\",\"item\":\"https:\/\/www.techopedia.com\/cryptocurrency\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Top 5 Billionaires Who Lost the Most Money in Crypto\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.techopedia.com\/#website\",\"url\":\"https:\/\/www.techopedia.com\/\",\"name\":\"Techopedia\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.techopedia.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.techopedia.com\/#organization\",\"name\":\"Techopedia\",\"url\":\"https:\/\/www.techopedia.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg\",\"caption\":\"Techopedia\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/techopedia\/\",\"https:\/\/x.com\/techopedia\",\"https:\/\/www.linkedin.com\/company\/techopedia\/\",\"https:\/\/www.youtube.com\/c\/Techopedia\"],\"publishingPrinciples\":\"https:\/\/www.techopedia.com\/about\/editorial-policy\",\"ownershipFundingInfo\":\"https:\/\/www.techopedia.com\/about\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/f65c862209ebdb8e753153efdc0a7df3\",\"name\":\"Iliana Mavrou\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/07\/avatar_user_286591_1689235200-300x300.jpeg\",\"contentUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/07\/avatar_user_286591_1689235200-300x300.jpeg\",\"caption\":\"Iliana Mavrou\"},\"description\":\"Iliana is an experienced crypto\/technology journalist covering the blockchain, regulatory, DeFi, and Web3 sectors. Prior to joining Techopedia, she contributed to several online publications including Capital.com, Cryptonews, and Business2Community, among others. In addition to her journalism work, she also has experience in technology and crypto PR. Iliana graduated with a BA in Journalism from City University of London in 2021. She is currently pursuing a Masters in Communications.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/iliana-mavrou-bb474917a\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/IlianaMavrou\"],\"knowsAbout\":[\"Crypto Journalist\"],\"url\":\"https:\/\/www.techopedia.com\/contributors\/ilianamavrou\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Who Lost The Most Money in Crypto? Here\u2019re Top 5 Losers Techopedia","description":"Who were the biggest names in the crypto industry that lost the most in recent years? We explore the top 5 crypto losers in recent years.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Top 5 Billionaires Who Lost the Most Money in Crypto","og_description":"Who were the biggest names in the crypto industry that lost the most in recent years? We explore the top 5 crypto losers in recent years.","og_url":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto","og_site_name":"Techopedia","article_publisher":"https:\/\/www.facebook.com\/techopedia\/","article_published_time":"2024-04-07T09:00:48+00:00","og_image":[{"width":1200,"height":686,"url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg","type":"image\/jpeg"}],"author":"Iliana Mavrou","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/IlianaMavrou","twitter_site":"@techopedia","twitter_misc":{"Written by":"Iliana Mavrou","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#article","isPartOf":{"@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto"},"author":{"name":"Iliana Mavrou","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/f65c862209ebdb8e753153efdc0a7df3"},"headline":"Top 5 Billionaires Who Lost the Most Money in Crypto","datePublished":"2024-04-07T09:00:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto"},"wordCount":1623,"commentCount":0,"publisher":{"@id":"https:\/\/www.techopedia.com\/#organization"},"image":{"@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage"},"thumbnailUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg","articleSection":"","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.techopedia.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto","url":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto","name":"Who Lost The Most Money in Crypto? Here\u2019re Top 5 Losers Techopedia","isPartOf":{"@id":"https:\/\/www.techopedia.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage"},"image":{"@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage"},"thumbnailUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg","datePublished":"2024-04-07T09:00:48+00:00","description":"Who were the biggest names in the crypto industry that lost the most in recent years? We explore the top 5 crypto losers in recent years.","breadcrumb":{"@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#primaryimage","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/04\/1712329434133_processed.jpg","width":1200,"height":686,"caption":"Who Lost The Most Money in Crypto? Here\u2019re Top 5 Losers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.techopedia.com\/crypto-biggest-losers-who-lost-the-most-money-in-crypto#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.techopedia.com\/"},{"@type":"ListItem","position":2,"name":"Cryptocurrency","item":"https:\/\/www.techopedia.com\/cryptocurrency"},{"@type":"ListItem","position":3,"name":"Top 5 Billionaires Who Lost the Most Money in Crypto"}]},{"@type":"WebSite","@id":"https:\/\/www.techopedia.com\/#website","url":"https:\/\/www.techopedia.com\/","name":"Techopedia","description":"","publisher":{"@id":"https:\/\/www.techopedia.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.techopedia.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.techopedia.com\/#organization","name":"Techopedia","url":"https:\/\/www.techopedia.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2025\/02\/techopedia-light-logo.svg","caption":"Techopedia"},"image":{"@id":"https:\/\/www.techopedia.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/techopedia\/","https:\/\/x.com\/techopedia","https:\/\/www.linkedin.com\/company\/techopedia\/","https:\/\/www.youtube.com\/c\/Techopedia"],"publishingPrinciples":"https:\/\/www.techopedia.com\/about\/editorial-policy","ownershipFundingInfo":"https:\/\/www.techopedia.com\/about"},{"@type":"Person","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/f65c862209ebdb8e753153efdc0a7df3","name":"Iliana Mavrou","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techopedia.com\/#\/schema\/person\/image\/","url":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/07\/avatar_user_286591_1689235200-300x300.jpeg","contentUrl":"https:\/\/www.techopedia.com\/wp-content\/uploads\/2023\/07\/avatar_user_286591_1689235200-300x300.jpeg","caption":"Iliana Mavrou"},"description":"Iliana is an experienced crypto\/technology journalist covering the blockchain, regulatory, DeFi, and Web3 sectors. Prior to joining Techopedia, she contributed to several online publications including Capital.com, Cryptonews, and Business2Community, among others. In addition to her journalism work, she also has experience in technology and crypto PR. Iliana graduated with a BA in Journalism from City University of London in 2021. She is currently pursuing a Masters in Communications.","sameAs":["https:\/\/www.linkedin.com\/in\/iliana-mavrou-bb474917a\/","https:\/\/x.com\/https:\/\/twitter.com\/IlianaMavrou"],"knowsAbout":["Crypto Journalist"],"url":"https:\/\/www.techopedia.com\/contributors\/ilianamavrou"}]}},"modified_by":"vukstojkovic","_links":{"self":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts\/215335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/users\/286591"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/comments?post=215335"}],"version-history":[{"count":0,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/posts\/215335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/media\/215383"}],"wp:attachment":[{"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/media?parent=215335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/categories?post=215335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/tags?post=215335"},{"taxonomy":"category_partsoff","embeddable":true,"href":"https:\/\/www.techopedia.com\/wp-json\/wp\/v2\/category_partsoff?post=215335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}