Crypto: Liquidity crisis spreads to major exchanges

The list of collateral casualties of the liquidity crisis currently affecting crypto lenders is far from complete.

If, in fact, we already have two dominoes that have fallen, it will take time to know the names of the various firms facing this debacle that has renewed a great deal of distrust towards the crypto industry.

It all started with the dramatic collapse of sister tokens Luna and UST in May, leading to the disappearance of at least $55 billion. We’ve since learned that hedge fund Three Arrows Capital, also known as 3AC, has invested heavily in Luna.