— According to Bloomberg's Billionaire Index, Binance CEO Changpeng Zhao has seen his wealth shrink by $1.4 billion over the past two days. He is now worth around $26 billion, according to the Index. Coinbase CEO Brian Armstrong's net worth has declined by $361 million to $2.2 billion, according to the Billionaires Index.
Bloomberg reported that after a massive slump in crypto founders' fortunes in 2022, there was a rebound this year with a combined increase of $15.4 billion in 2023. CZ's net worth had increased 117% and Armstrong's 61% on the back of increasing crypto prices and trading activity. Other crypto billionaires on Bloomberg's wealth index were up a combined 9%.
— The missing discovery comprises a substantial amount, totaling over 3.6 million documents and exceeding 10 million pages. The defense received the last production on May 25, consisting of just under 2.5 million documents, which more than tripled the volume of existing discovery.
FTX bankers, tasked with rescuing the struggling company, are reportedly exploring the possibility of selling shares in an artificial intelligence (AI) startup as part of the currently booming AI sector. The company held $500 million worth of Anthropic stock, which is estimated to be worth significantly more now, considering the AI boom. Anthropic recently raised $450 million in its Series C funding round on May 23, with a reported valuation of $4.6 billion