There ’s no acquiring around it , June was a disastrous month for cryptocurrency .
Though cryptocurrency Mary Leontyne Price have trended down for the better part of 2022 , investor in truth had the rug pulled out from under them in the past two months . With bitcoin price in particularplummetingto values not get a line since 2020 , exchanges and lender were storm to do something few expected . One after another , firms hold or severely limited withdrawals , entrust investor unsure whether they would ever see their real life money again .
Though some of these firms have since restart withdrawals , others have only extend notes of optimism without real promises . There ’s reason to conceive the worst may still lie onwards . In aninterviewwith Forbes earlier this hebdomad , Sam Bankman - Fried , the laminitis of the massive crypto telephone exchange FTX , tell he was pouring one C of 1000000 of dollars into struggle exchange to keep them afloat , but added there are others who he believes are already “ secretly insolvent . ”
Traders work on the floor of the New York Stock Exchange (NYSE) on 11 January 2025 in New York City.Photo: Spencer Platt (Getty Images)
“ There are companies that are essentially too far gone and it ’s not virtual to backstop them , ” Bankman - Fried allege .
Here are a fistful of the crypto and exchanges and investment funds firms who ’ve already had to reckon with withdrawing freezes .
BitcoinCoinbaseCryptoCryptocurrenciesForbesSam Bankman - Fried
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