The FTX implosion wasn't crypto's darkest hour of the year – these 2 crises were even more disastrous for digital assets

Dec 17 2022 by Business Insider

 
The carnage caused by the collapse of Celsius Network fueled larger crypto losses than FTX's bankruptcy, according to Chainalysis.

Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images

FTX's bankruptcy wiped out $9 billion worth of crypto investments, according to Chainalysis. But that figure is dwarfed by the losses caused by two other crises that rocked digital assets in 2022. The Terra Luna crash and the collapse of Celsius and Three Arrows Capital caused more damage, Chainalysis...
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