|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.0469 - 0.0656|
|52 Week Range||0.0170 - 15.8700|
|Beta (5Y Monthly)||2.97|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 13, 2023 - Feb 17, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.76|
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Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers. High-profile bankruptcies involving crypto exchange FTX, hedge fund Three Arrows Capital and crypto lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new opportunities - and big fees - for law firms that counsel troubled companies. Large law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts said.
The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse in value, and crypto exchange FTX went from buying Super Bowl ads to crash landing into bankruptcy. FTX's implosion was the biggest and most spectacular crypto downfall in 2022 thus far. The Bahamas-based exchange started the year with a $32 billion valuation, hired celebrities including Larry David and Tom Brady for flashy Super Bowl ads, and put its name on the home arena of the NBA's Miami Heat.
Broker-dealer and crypto trading platform INX Digital (QTCQB: INXDF) has entered the bidding contest for bankrupt cryptocurrency lender Voyager Digital.