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The cryptocurrency industry has experienced a series of significant collapses, with Voyager, Celsius, FTX, and BlockFi all facing bankruptcy issues. An investor has lost $500K due to these bankruptcies. 3AC's liquidation and Celsius's layoffs have also added to the turmoil. While Voyager has frozen operations, BlockFi has managed to strike a deal. These events have caused widespread concern and uncertainty in the crypto market.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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