The crypto market has experienced a negative event this year, with Terra UST and Luna plunging to $ 0 last month, leading them to the top of the list. Since then, bad news has been on the market every week, raising investor concerns. In June 2022 alone, negative news dominated the crypto sector, with top organizations losing or paying millions of dollars. In addition, some platforms have suspended their withdrawal to users this month, even though they have declared them decentralized.
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Top 3 bad things happened in the crypto area in June 2022
- Roger Ver Goes Broke, Owes Millions
This month, there were rumors that Bitcoin.com CEO Roger Ver owes millions of exchanges. A few days later, CoinFLEX CEO Mark Lamb visited Twitter and confirmed that Ver was obliged to pay the US $ 47 million exchange. CoinFLEX reportedly provided See with a $ 47 million unsecured loan, and he has been involved in Bitcoin Cash (BCH) for a long time. CoinFLEX reportedly allowed them to run a deficit because he assured them that he would repay it.
Ram admitted that Ver owe $ 47 million in exchange for USDC. “Roger VerowesCoinFLEX $ 47 million USDC. We have a written contract with him and require him to regularly guarantee the negative equity and charge margin of his CoinFLEX account. He is in default of this contract. , We have issued a notice of default. “ I tweeted.
However, Ver used Twitter to claim that the accusation against him was false and stated that he was not a defaulter. In return, he blamed the exchange of paying him, not the other way around.
“Recently, rumors have spread that I’ve defaulted to a counterparty. These rumors are false. Not only are I not in debt to this person, but this person is a considerable amount of money to me. And I am currently seeking a refund of the funds. “ See Tweet.
Accusations and counterclaims have revealed top-level cryptographic fraud. Investor confidence in internal events in the industry has overcome this development.
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2. Three Arrows Capital liquidated
Singapore-based cryptocurrency hedge fund ThreeArrowsCapital (3AC) borrows Voyager Digital 15,250 BTC. 3AC defaulted on $ 1 million in debt and failed to repay. Voyager Digital has filed a proceeding by sending a default notice to ThreeArrowsCapital. All this happens when the crypto market collapses and Bitcoin falls below $ 20,000.
Sky News reported that a court in the British Virgin Islands ordered the liquidation of cryptocurrency lending company Three Arrows Capital. Teneo Restructuring’s partners will reportedly handle the bankruptcy of 3AC. The court ordered the liquidation of 3AC on June 27.
The liquidation of 3AC is another shock to the field of cryptocurrencies that investors have recently experienced.
Read also: Bitcoin, cryptocurrencies, stock markets on the verge of collapse
3. Michael Saylor down $ 1 billion in Bitcoin
Michael sailorAfter Bitcoin’s fall this month, the company MicroStrategy suffered a loss of $ 1 billion. The King of Bitcoin faced serious losses as the crypto market did not show mercy to both big and small players. Market language has become negative as the top leaders holding BTC have become sour. Sailor also bought $ 10 million worth of 480 BTC yesterday, stating that he still believes in a comeback.
“MicroStrategy bought an additional 480 Bitcoins for $ 10.0 million at an average price of $ 20,817 per Bitcoin. As of June 28/22, MicroStrategy had acquired 129,699 Bitcoins for $ 3.98 billion and Bitcoin. The average price per coin is $ 30,664. $ MSTR “ I tweeted.