FTX Investors Realize $9B In Losses: 3AC, Celsius' Numbers Much Higher
2022 will go down in the books of crypto history as the year of collapses and bankruptcy filings. Right from 3 Arrows Capital to Celsius, Terraform Labs, Voyager, and Vauld to Genesis, Alameda Research, and FTX, a bunch of prominent names feel down on their knees. Their disintegration fractured the crypto space as a whole, and investors had to bear the brunt of the same. FTX Investors Not The Worst Affected FTX was among the top exchanges before its collapse. Until now, it seemed like its investors were the worst-affected victims. That might, however, not be the case. A recent analysis thread on Twitter by Chainalysis noted, “Our data suggests that FTX ’s demise hasn’t been crypto investors ’ biggest issue this year. Both the depegging of Terra’s UST token & the collapse weeks later of Celsius & Three Arrows Capital ( 3AC ) drove much bigger realized loss es.” In the case of UST, the investor loss figure stood at $20.5 billion. The same stood at a whoppin...