The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao have taken a hit due to recent lawsuits by the US Securities Exchange Commission (SEC). Within 30 hours of the SEC suing Binance on June 5 and then Coinbase on June 6, Armstrong's net worth fell by $289m and Zhao's by $1.33bn.

Despite this, both CEOs have seen net worth increases well above the 9% year-to-date returns for others on Bloomberg's rich list. The SEC sued both Binance and Coinbase alleging the exchanges broke various securities rules, most notably for offering cryptocurrencies that the regulator considers to be unregistered securities.