Moreover, issues with liquidity hit funds and lenders that bought into Terra’s network. Crypto hedge fund Three Arrows Capital, for example, lost over $200 million with its investment in TerraUSD. Similarly, crypto broker Celsius Network, which has filed for Chapter 11 bankruptcy, blamed its liquidity issues to the “domino effect” stemming from Terra’s collapse.
Source: https://www.coindesk.com/policy/2022/07/29/cryptos-slide-hasnt-bled-into-the-real-economy-imf-official-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines