Crypto Price Check: Ringing Out ’22, Looking to the New Year

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The Street

By Rob Lenihan After a bruising year of bankruptcies and criminal investigations, crypto investors are hoping better times are coming in 2023. Just about everybody in the crypto sector will be very happy to close the books on 2022. This was the year of the crypto meltdown, marked by such events as the collapse of sister cryptocurrencies Luna and UST, or TerraUSD, which sparked a credit crunch that proved disastrous for many firms, including hedge fund Three Arrows Capital, or 3AC. The fund was unable to honor its payments to crypto lenders Celsius Network and Voyager Digital, so 3AC was forced…

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