crypto contagion
The crypto contagion was a credit crunch that hit the cryptocurrency space in 2022. It mainly affected hedge funds and lending platforms who had borrowed huge sums of money off each other, and when one toppled it had a major impact on the others. The crypto contagion started with the collapse of the Terra ecosystem and then the liquidation of Three Arrows Capital. This led to liquidity problems for several other exchanges and lending platforms, some of whom went under as a result.
Genesis Sues Gemini Over $689 Million Withdrawal
3 weeks ago
Liquidated Hodlnaut to Repay 17,000 Customers
4 weeks ago
BlockFi Starts Accepting Withdrawal Requests
2 months ago
Winklevii Hit Back at $282 Million Gemini Withdrawal
2 months ago
Gemini Dismisses New DCG/Genesis Repayment Plan
3 months ago
Genesis Halts all Crypto Operations
3 months ago