Even More Crypto Lenders Struggle to Stem Flood of Withdrawals

Though even while Nexo considers expansion in the crypto realm, many bears still doubt the health of the incredibly unregulated industry. Three Arrows Capital—a huge crypto hedge fund—recently defaulted on millions in bitcoin loans and was ordered to liquidate its assets by a Virgin Island court last week. That’s not to say there isn’t big money still being pushed into some crypto projects from investing firms looking to prop up the floundering crypto market.