Despite Bitcoin Bubble Popping, Crypto Exchanges Are Making Billionaires Richer

Over the past few weeks, as most cryptocurrencies’ cash value has continued to fall, many of the billionaire founders of cryptocurrencies have probably seen their paper wealth evaporate by a good chunk as well. Larsen, for example, whose Ripple has dropped by over 70 percent so far this year, has lost $44 billion in net worth from its peak in January, according to CNBC calculations.