Cybercrime and Bankruptcy: The Crypto Winter

It comes as no surprise that the crypto winter has reinforced the perception of critics that digital currencies are "risky, flawed and unproven digital financial instruments." This article analyzes the state of the cryptocurrency market and examines the impact of cybercrimes and crypto bankruptcies on the current market.

8 minute read November 01, 2022 at 12:07 AM
By
Sean J. Coughlin and Vivian B. Isaboke
Cybercrime and Bankruptcy: The Crypto Winter

Cryptocurrency markets experienced significant losses during the first half of 2022 as the market's capitalization declined from $2.9 trillion at the end of 2021 to less than $900 billion at the beginning of June 2022.

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