Cleaning up the CeFi Mess: The Budding Market for Distressed Crypto Assets
Austin Convention Center: MainstageA wave of bankruptcies among centralized crypto exchanges and lenders has given rise to a secondary market for distressed assets reminiscent of the ones that developed after the 1980s savings and loan and 2008 global financial crises. But opportunistic investors face unique challenges in crypto bankruptcies, not least of all unresolved questions about the legal status of digital assets.
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