Skip to content
Crypto’s Domino Effect widens, threatening more pain


Turmoil in the digital asset ecosystem has intensified in recent weeks, with cryptocurrency losses ripping holes in balance sheets and pushing companies to the brink of bankruptcy.

After a cryptocurrency pair crashed, wiping out billions of dollars in value in May, a court in the British Virgin Islands last week ordered the liquidation of a hedge fund that had survived multiple crypto downturns . Another platform that counts the hedge fund as an investor capped withdrawals while assessing how the hedge fund’s misfortunes would affect its liquidity.

wsj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.