Innocent crypto investors are getting caught up in an ugly contagion that's already caused a couple of crypto firms to declare bankruptcy and others to freeze or sharply limit withdrawals.
Even if you haven't been directly affected, a contagion is a problem every investor needs to watch carefully. It's quite possible more companies will be forced into policy changes that will lock up customer assets or impose withdrawal limits that will make them harder to access.
Today I'm going to give you an overview of what's been happening and what you need to do to avoid having your crypto stuck on a site where you can't access it.
This all started with the collapse of the TerraLuna ecosystem. That incident alone hurt a lot of crypto investors. But the bigger problem, as it turned out, was a crypto hedge fund called Three Arrows Capital.
Three Arrows (popularly known as "3AC") had no retail customers, but it borrowed money from many crypto firms that did, such as Celsius and Voyager. That was...
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