In recent months, many of the largest crypto lenders have entered into bankruptcy.  The number of crypto lenders that have entered into bankruptcy continues to increase, exhibiting just how connected all of these crypto lenders were. The crisis in the crypto industry appeared to have been set off by stablecoin terraUSD, which was intended to maintain a value at $1 per coin, dropping below 15 cents per coin in May 2022 and below 1 cent per coin in March 2023. As a result, over $400 billion in cryptocurrency value was effectively wiped out. 

The attorneys at Nigh Goldenberg Raso & Vaughn are no longer accepting cryptocurrency related clients.