THE BREAKDOWN: The Crypto Reckoning Continues

A lawsuit is filed against Celsius, Silvergate drops 46%, and Huobi and Genesis layoff employees.

NLW profiles another brutal week in the crypto computation and cleanup following the disasters of 2022. 

He examines:

Celsius ex-CEO Alex Mashinsky sued by NYAG3AC subpoenaed via TwitterSilvergate laying off 40% Genesis laying off 30% And more 

Disclaimer: DCG is the parent company of CoinDesk. 

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“The Breakdown” is written, produced by, and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Image credit: CSA Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. 

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