Bank of International Settlements ( BIS) report that the crypto industry has suffered from two major crashes in the past year. from $650 billionIt was stated that he lost too much.
BISIn the report prepared by of FTXbankruptcy and terraThe crypto industry, which has been exposed to billions of dollars of declines due to the impact of the crisis, was examined. BIS, after these two great crashes, He reported that in 2022, the crypto industry lost more than $650 billion.In the bankruptcy of FTX alone, more than a million crypto investors were negatively impacted.
The Crypto Industry Lost Over $650 Billion Last Year
BIS, “Crypto Shocks and Retail Losses” published a report entitled This report examined the general activity in the crypto industry. The report described the effects of trading behavior, gains and losses, and crypto market turmoil in the wider financial system during and after the scandals.
that marked the year 2022 FTX and Terra crashesto the crypto industry A loss of more than $650 billionand millions of aggrieved investors revealed.
according to BISThe collapse of the $40 billion Terra ecosystem in May, It evaporated more than $450 billion.The FTX bankruptcy, which took place about six months later, was also removed from the market. It evaporated more than $200 billion in cash.
BIS also noted the increase in users’ daily activity on the crypto trading platform over the past year. According to the BIS, investors acted more cautiously and cautiously.
