- Terra Luna – $40 billion
- FTX – $32 billion (last valuation in Feb 2022)
- Celsius – $25 billion
- Three Arrows – $10 billion
You should have read the headlines of crypto exchange, FTX, running into liquidity issue and is in talks for Binance to buy it out. Investors thought the worst was behind them, only to have met with another major blow. And this blow is a big shock.
Here’s why.
#1 FTX is huge
FTX at one point was the second largest crypto exchange, behind Binance.
FTX’s impact to the crypto ecosystem ranks amongst the top casualties: