Chainalysis: FTX Crash Causes $9 Billion Loss, While Terra, Celsius Hit Crypto Market Even More

According to Chainalysis data quoted by The Block, Chainalysis believes that the collapse of FTX from a market perspective is not the event that has the greatest impact on cryptocurrency investors this year. Terra’s UST collapse caused investors $20.5 billion in actual losses. Celsius and Three Arrows Capital The collapse of the company caused a loss of 33 billion US dollars. The FTX debacle resulted in $9 billion in realized losses. Chainalysis’ report acknowledges that FTX is the event that affects some people the most, as they could lose all funds kept on the exchange, and the possibility of recovering those funds is unknown. Chainalysis' conclusions are drawn after measuring the realized gains and losses of a set of individual wallets over a specified period.