Just saw that some major crypto figures got hit pretty hard during this recent selloff. The Coinbase CEO apparently dropped out of the top 500 richest people list - his net worth went from like $17.7B down to $7.5B. That's a brutal $10B+ drop just from the stock tanking and the broader crypto downturn.

JPMorgan downgraded them too, cutting their price target by 27% because of softer crypto prices and lower volumes. Makes sense - when people aren't trading, exchanges feel it immediately. The stock is down like 60% from its July peak and Bitcoin itself has been sliding hard.

Not just him though. The Winklevoss twins saw their net worth drop from $8.2B to around $1.9B. Even Michael Novogratz's wealth fell from over $10B to about $6.2B. Galaxy Digital took a $500M loss in Q4. This is what happens when the whole market pulls back - everyone's portfolios get crushed. Pretty wild how fast these fortunes swing in crypto.