Crypto's Liquidity Troubles Are Spreading Across Platforms.

(Bloomberg) -- A broad-based selloff in digital assetsand the collapse of high-profile tokens TerraUSD and Lunahave caused ripple effects across the crypto industry. Major lenders Celsius Network and Babel Finance havefrozen withdrawals, and Three Arrows Capital, a majorcrypto hedge fund, is facing liquidity troubles thatrattled investors. Crypto Lender Nexo Taps Citigroup for M&As Nexo, a crypto lender that has positioned itself asimmune to the storms shaking decentralized finance, saidit had hired Citigroup Inc. to advise on potentialacquisitions. [Extracted from the article]