The Crypto CrisisFallout from FTX

Bankrupt Crypto Company Celsius Could Get New Life From Wall Street

Investors that buy and turn around downtrodden companies have largely shunned crypto

Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory Brangan

Two Wall Street heavyweights are locked in a bidding war for bankrupt cryptocurrency lender Celsius Network. 

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