The crypto financial institution races of 2022 – attributable to the failure of a number of ecosystem giants – had an enduring impression on the crypto trade. A brand new analysis report from the Federal Reserve Financial institution of Chicago (FRBC) has recognized a number of key components and catalysts that accelerated final 12 months’s crypto disaster.
THE report recognized that withdrawals by crypto whales and huge account holders on centralized exchanges, together with some key institutional accounts, created a liquidity crunch that in the end led to the financial institution run.
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