crypto

Crypto winter has apparently reached the high seas. OpenSea, the world's most popular NFT marketplace, has announced widespread layoffs, joining several other industry leaders who have had to make major workforce cuts amid the cryptosphere's catastrophic slump.

ClosedSea

"The reality is that we have entered an unprecedented combination of crypto winter and broad macroeconomic instability."

Top NFT Marketplace OpenSea Fires 20 Percent of Its Employees

Embattled crypto lender Celsius finally filed for bankruptcy yesterday, and there's still no telling when, or if, customers will ever get their money back.

Bank Yourself

"In reality, it had become a Ponzi scheme."

Crypto Lender That Kept Bragging About How Great It Was Files for Bankruptcy

Bitcoin bros are so not OK that some of them have begun believing that the cryptocurrency was sent down by the Christian God himself.

Bitcoin Baptism

"Bitcoin adoption becomes a conviction."

Religious Zealots Think Bitcoin Was Created by God

Introducing: The "Bear Market Screaming Therapy Group," a Telegram group where downtrodden everyday crypto investors go to scream crypto winter woes away.

Waahahahah

"They weren’t even able to scream anymore. They were just sobbing."

Crypto Investors Are Creating Voice Chats Where They Just Scream and Sob

Zhu Su and Kyle Davies, founders of bankrupt crypto hedge fund Three Arrows Capital (3AC), are literally missing — and they might be on the lam.

On the Lam

Running from your problems? Relatable!

Crypto Hedge Fund Founders Abandon HQ and Disappear After Implosion

The Binance crypto exchange could be in trouble with the American government over allegedly serving Iranians in spite of terrorism sanctions on the country.

Red Card

"It didn't need identity verification, so we all used it."

Crypto Exchange That Invested in Forbes Accused of Violating Terrorism Sanctions

A developer used his speech at a gaming conference to trash talk NFTs, and was met with a huge round of applause from the audience.

Crypto Me This

"I fooled you guys."

Speaker at Crypto-Funded Convention Trashes NFTs, Gets Loud Applause

Crypto exchange Voyager Digital has filed for bankruptcy, and according to the paperwork, most customers likely won't be getting their money back.

In Flames

"I just don't understand how this could be legal."

Man Loses Down Payment for House When Crypto Exchange Goes Bankrupt

Endless Snoop Dogg promo has not been enough to save the NFT market, it seems. As predicted, June shaped up to be a pretty horrific month for the industry.

Bad Times

Not very fun-gible tokens.

Abysmal New Numbers Show the NFT Market Is in Deep Trouble

The FBI added Ruja Ignatova's name to its ten most-wanted list on Thursday because the Cryptoqueen scammed investors for $4 billion in a pyramid scheme.

Ice Cold Queen

She might have gotten plastic surgery as a disguise.

FBI Offers Huge Reward for "Cryptoqueen" Accused of Stealing $4 Billion

Blockchain woes persist. Bitcoin lost 38 percent of its value in June alone, making this past month the worst in crypto's 12 year history, CNBC reports.

Getting Worse

Big yikes.

Bitcoin Just Had Its Worst Month in Crypto's Entire History

Web3 assets continue their impressively catastrophic nosedive today, as NFTs — even celeb-favored BAYC — reach remarkably new lows in value.

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