Crypto fund defaults on a $670 Million loan to be paid is cash and cryptocurrency.

← Back to Blog

Crypto fund defaults on a $670 Million loan to be paid is cash and cryptocurrency. The markets have not been good to crypto over the past 2 months drawing liquidity out of the market. Where once big bets were made on the continued price rises of crypto the loans coming in need to be paid. I wonder if the revolving lines of credit will be under scrutiny?

The numbers demonstrating the impact on crypto are eye watering. There has been a drop in over $2.1 Trillion in market capitalization since November 2021. How do you assess the value of a digital asset, the same as any tangible asset? (https://lnkd.in/e_TyXDvP)

View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6947434547496009728

Categories

Cryptocurrency & Digital Assets