Terra, Celsius, and FTX: three horsemen of the 2022 crypto apocalypse

2022 has been the year of the crypto winter. While prices have been already falling from November 2021’s highs, a series of high-profile black swan events have added fuel to the fire, triggering even more massive sell-offs and further increasing investor panic. Out of all negative market events, three stand out from the crowd: the Terra blockchain’s downfall in May, the bankruptcy of the crypto lender Celsius in July, and the recent collapse of the FTX digital asset exchange. The mentioned black swan events aggravate the crypto winter with an even more significant drop in digital asset prices.  At the