More than $1 billion worth of digital assets were liquidated on 16 June in the face of the crypto crash. Moreover, around $480 million was wiped out on centralized exchanges over the past 24 hours.
The major VC firm, Three Arrows Capital, closed $400 million worth of positions and hundreds of millions in additional loans remain at risk.CeFi platform,Celsius‘ halt on withdrawals further triggered the sell-off.Ethereum, the largest altcoin remains in a dangerous position.
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