Bitcoin Falls Below 20,000, CEO of Binance Zhao Changpeng’s Fortune Shrinks by Nearly 90%

As Bitcoin fell below the $21,000 mark, the fortunes of a group of people who became billionaires thanks to Bitcoin went up in smoke. Among them, Zhao Changpeng, founder of Binance, the world’s largest cryptocurrency exchange, shrank by nearly 90 percent.

The Bloomberg Billionaires Index shows bitcoin hovering near $21,000 since its all-time high of $69,000 on Nov. 9 last year, with seven cryptocurrency-linked billionaires losing a total of $114 billion. Among them, the heaviest loss is Zhao Changpeng, who topped the list of richest Chinese with nearly $96 billion at the end of last year. Data show that his wealth evaporated by nearly 89%, and his fortune has been left at only $10.2 billion. As of Wednesday June 15, Zhao Changpeng’s fortune has shrunk by more than $10 million, and his fortune has fallen 89.3% this year, evaporating $85.6 billion, according to the data.

Miles Guo has repeatedly revealed that Zhao Changpeng, a founder of Coin Security, is a Chinese Communist Party (CCP)’s money laundry agent and has close ties with the CCP’s military. More than half of Zhao Changpeng’s coins have connected to the CCP. Zhao doesn’t have a “digital license” (including a trading license and payment license), nor a “digital banking license”, or an “exchange license”. What he got in Dubai was just a test license, which is a temporary license. All his transactions are illegal, including tokens and fiat currencies. The West has recognized the threat of Cryptocurrency and stepped up thorough investigations.