Crypto crash exposes overleveraged trades, risking deeper losses

Singapore-based Three Arrows becomes latest big victim of sell-off

20220616N Crypto meltdown

Bitcoin's value has plummeted by two-thirds from its peak in November.  © Reuters

MANAMI OGAWA, Nikkei staff writer

TOKYO -- As prices of bitcoin and other cryptocurrencies continue to tumble, overextended investors pose the risk of a cascade of forced sales that could drive the tokens even lower.

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