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Crypto: Fear Returns with the Default of a Prominent Hedge Fund

·3 min read
Crypto: Fear Returns with the Default of a Prominent Hedge Fund

The lull does not seem to be able to last on the cryptocurrency market. After a few stabilization sessions, the prices of digital currencies are falling again, suggesting that investors' fears and questions about the solvency of certain firms in the sector remain strong. 3AC has defaulted on a loan worth more than $670 million, digital asset brokerage Voyager Digital said on June 27 in a notice.