Rising rates and losses squeeze crypto lending and trading firms

A number of crypto companies that grew fast during the cheap-money years (when borrowing was easy and prices kept climbing) are now struggling or shutting down. Higher interest rates and falling prices have exposed businesses that relied on easy borrowing and constant growth to survive.

If you hold crypto directly and aren't using lending platforms or risky trading services, this is more about industry cleanup than your coins themselves losing value.

If you're not using any crypto lending or yield platforms, there's nothing urgent to do. If you are, it's worth checking whether that specific company has been named in trouble, since these failures tend to hit centralized businesses, not your own wallet.