These Firms Are Worst Hit By The Crypto Meltdown

Firms that suffered the most in the ongoing crypto crisis:

Crypto lending firm Celsius, which struggled with liquidity, sacked 150 employees as the crisis worsens.

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FTX bailed out BlockFi for $240 million as the firm faced insolvency issues.

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Voyager filed for bankruptcy on July 5, 2022. Earlier the firm had blocked all its transactions and blamed 3AC for it.

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CoinFlex had halted its withdrawals amid the crisis.

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Hoo.com also suspended its transaction a few days ago and is planning to liquidate some of its tokens.

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Vinbolx and Vauld had also halted their transactions. Nexo has started the process to acquire Vauld.

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Babel halted its transactions amid the liquidation crunch. The firm has hired Houlihan Lokeyto to help them in this crisis.

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