Moreover, issues with liquidity hit funds and lenders that bought into Terra’s network. Crypto hedge fund Three Arrows Capital, for example, lost over $200 million with its investment in TerraUSD. Similarly, crypto broker Celsius Network, which has filed for Chapter 11 bankruptcy, blamed its liquidity issues to the “domino effect” stemming from Terra’s collapse.
Related posts
-
The real winner of the 2024 US elections will be crypto
Disclosure: The views and opinions expressed here belong solely to the author and do not represent... -
Top 5 cryptos to watch in 2024 for significant gains
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
How a Harris ‘Opportunity Economy’ Will Benefit the Crypto Industry
These comment comes more than a month after Democratic cryptocurrency industry leaders coalesced to form the...