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All the crypto companies that went bankrupt in 2022 [so far]

We had to make a list to follow along with the thread. Full list inside.
| CryptoPress
All the crypto companies that went bankrupt in 2022

These are all the bankruptcies so far in 2022 in the crypto world. We had to make a list to follow along with the thread.

The crypto winter with inflation and the crash of Terra brought the least desired effects in the crypto world: a domino of companies exposed to unpayable debts, liquidations, and bankruptcies.

It started with Celsius, followed by 3AC and then others followed.

Some of the reasons that produced this are already known:

  • The market fell after the adjustment of rates due to high inflation, which produced stress in the crypto market.
  • New regulations that hinder the operation of companies.
  • The collapse of Terra and its currency $UST evaporated billions of value in a week.
  • The fall of many companies that operated with cryptos, such as 3AC and Celsius. –
  • The decline in the prices of cryptocurrencies as a whole (especially Bitcoin).

All this generated the exposure of some companies to toxic assets and leveraged debt, which began to be unable to cover their debts. First to drop was Celsius, then 3 Arrows Capital, and the list goes on.

How far can this go?

We do not know but we can give the list of all the crypto falls of this year for these reasons.

Here is the list: 

Company Name Business Date of Pause 
Celsius Network Ltd. trading, lending 12-Jun-22
Babel Finance lending 17-Jun-22
CoinFlex futures, exchange 23-Jun-22
Voyager Digital trading, lending 1-Jul-22
Vauld trading, lending 4-Jul-22
Zipmex exchange 20-Jul-22

Image: Skull Vectors by Vecteezy

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