Russia Delivers a Scathing Setback to Crypto

Hardly a week goes by without the young crypto industry receiving some bad news.

The industry is currently playing a guessing game which consists of trying to guess which crypto company or crypto platform is next to be impacted by the liquidity crisis affecting prominent crypto lenders like Celsius Network, Voyager Digital and BlockFi. 

This cash crunch crisis comes from the fall in cryptocurrency prices that led to a collapse of more than $2 trillion in the crypto market since November. The damages are substantial. Celsius and Voyager have filed for Chapter 11 bankruptcy and their customers don’t even know if they will be able to get their money back. 

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