Crypto’s Domino Effect Is Widening, Threatening More Pain

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Turmoil within the digital-assets ecosystem has grown in current weeks, with losses in cryptocurrencies blowing holes in steadiness sheets and pushing companies close to chapter.

After a pair of cryptocurrencies crashed, wiping out billions of {dollars} in worth in Could, a British Virgin Islands courtroom this previous week ordered a hedge fund that had survived a number of crypto downturns to liquidate. One other platform that counts the hedge fund as an investor capped withdrawals whereas evaluating how the hedge fund’s woes would have an effect on its liquidity.

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