ADL is activated under the following conditions on Flipster:Insurance Fund is Depleted: When the insurance fund balance is $0. Backstop Liquidity Provider cannot take positions: When the backstop liquidity provider is unable to absorb the liquidated positions.Activation Condition Example:Trader A ...Read more
Several major cryptocurrency firms went bust in recent years, causing significant losses for investors. From FTX's spectacular collapse to the failures of Celsius Network, BlockFi, and more, the aftermath of these bankruptcies has reshaped the crypto landscape. Explore the key players that went undeRead more
Several major cryptocurrency firms went bust in recent years, causing significant losses for investors. From FTX’s spectacular collapse to the failures of Celsius Network, BlockFi, and more, the aftermath of these bankruptcies has reshaped the crypto landscape. Explore the key players that went under and why.
Key Crypto Failures
- FTX: Once a leading crypto exchange, FTX filed for bankruptcy in November 2022. Allegations of fraud and mishandling of funds led to its downfall, with founder Sam Bankman-Fried facing legal consequences.
- Celsius Network: A crypto lender that filed for Chapter 11 bankruptcy in July 2022. Celsius owed billions and was unable to meet obligations after risky investments.
- BlockFi: Filed for bankruptcy following FTX’s collapse, with exposure to both FTX and Three Arrows Capital leaving it financially unstable.
- Voyager Digital: Another crypto lender that succumbed to the effects of the crypto market downturn in mid-2022, filing for bankruptcy after the failure of Three Arrows Capital.
- Three Arrows Capital: A crypto hedge fund that collapsed in 2022 after the failure of TerraUSD and its associated assets, contributing to a chain of bankruptcies across the industry.
These companies’ bankruptcies highlight the risks in the crypto world, where volatility, mismanagement, and interdependencies between firms can lead to cascading failures.
Discover the best cryptocurrencies to invest in for 2025 based on your goals and risk tolerance. Learn about Bitcoin, Ethereum, emerging tokens like Algorand, and how to invest wisely in the crypto market. The "best" cryptocurrency to invest in depends on your strategy and risk appetite. If you're nRead more
Discover the best cryptocurrencies to invest in for 2025 based on your goals and risk tolerance. Learn about Bitcoin, Ethereum, emerging tokens like Algorand, and how to invest wisely in the crypto market.
The “best” cryptocurrency to invest in depends on your strategy and risk appetite. If you’re new to crypto, Bitcoin (BTC) and Ethereum (ETH) are solid choices. Bitcoin serves as a “digital gold” with widespread adoption, while Ethereum powers decentralized applications and NFTs. Both have strong fundamentals and are less volatile compared to smaller projects.
For those looking to diversify, consider emerging sectors:
Instead of chasing the next “big coin,” focus on learning how to invest effectively. Strategies like dollar-cost averaging, leveraging trusted platforms like MEXC, or observing whale movements can provide an edge. Diversify your portfolio and manage risks by combining established coins with promising altcoins.
Crypto is dynamic, so stay informed and choose projects with clear use cases, strong communities, and robust tech. Good luck, and remember: investment success lies not just in the “what,” but also the “how.”
Pro-Tip: Focus on the βHow,β Not Just the βWhatβ
Investing successfully is more about strategy than picking the βrightβ coin.
Final Thoughts
If youβre a long-term investor, stick to BTC, ETH, or Algorand. If you prefer high-risk, high-reward bets, look into speculative tokens or upcoming projects like ASI. Ultimately, success comes from understanding when to enter and exit the market, not just the coins you pick.
Always DYOR (Do Your Own Research) and invest responsibly! π
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