, 2023-01-21 11:19:15,
Last year’s crypto crash continues into 2023, as a number of top crypto companies collapse or pause their business—here’s a look at that damage so far.
January 20: Genesis, one of the top leading crypto currency lenders, announces it filed for Chapter 11 bankruptcy, another casualty of the FTX collapse.
December 21: Core Scientific, one of the largest publicly traded bitcoin mining companies, filed for bankruptcy with liabilities as high as $1.3 billion across its 1,000-5,000 creditors, though it continues its mining operations.
November 28: BlockFi, another top crypto currency lender, files for bankruptcy in the aftermath of the collapse of FTX, which it had major financial ties with, and lists $1.3 billion in liabilities and ceases operation.
November 11: FTX, a top exchange trading platform by volume that evolved into more than an exchange market with retail investors able to trade crypto derivatives, announced it was filling for bankruptcy, sending shockwaves to an already damaged crypto industry with its liabilities reaching as much as $9 billion while its CEO Sam Bankman-Fried faces criminal charges.
August 9: Hodlnaut, a Singapore-based crypto lender, pauses its withdrawal, token swaps and deposits citing “market conditions,” and several days…
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