Crypto lender Celsius is just one of several industry players navigating the bankruptcy process. Photo: FellowNeko/AdobeStock As 'Crypto Winter' Drives Insolvency and Fraud, Lawyers Find New Ways of Tracking Decentralized Assets
The fall of cryptocurrency prices over the course of 2022 has already pushed major industry players to bankruptcy. Litigation funders are already buying claims and helping practitioners fund actions against fraudsters.
October 04, 2022 at 05:00 AM
5 minute read
The fall of cryptocurrency prices over the course of 2022 has already pushed major industry players to bankruptcy. Late last month, crypto-mining data center operator Compute North filed for bankruptcy, following the July bankruptcies of crypto lender Celsius, crypto brokerage Voyager Digital, and crypto hedge fund Three Arrows Capital.
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