The crypto market lost more than $650 billion after Terra’s implosion in May, 2022, and another $200 billion after FTX’s bankruptcy in November, the report said.
The report, published on Monday, found that while most crypto app users worldwide lost money on their bitcoin holdings after last year’s collapses of the Terra ecosystem and the FTX exchange, investors outside of major economies took the biggest hit.

Losing money in risky investments is nothing new. Last year, American investors lost $9 trillion due to falling stock prices. More than $450 billion vanished from the crypto market following the collapse of Terra in May, 2022, and another $200 billion was lost following FTX’s bankruptcy in November.
The BIS, an institution owned by central banks, analyzed data from crypto exchange apps for 95 countries and on-chain data on the daily distribution of bitcoin.
The median investor would have lost over $430 by December 2022, corresponding to almost half of their total $900 in funds invested since downloading the app. Notably, this share is even higher in several emerging market economies like Brazil, India, Pakistan, Thailand and Turkey. I
f investors continued to invest at a monthly frequency, over four fifths of users would have lost money,” the report said. The authors of the report assumed users invested in bitcoin “on the same day they downloaded the app.”
Also Read
- “Former CFTC Chairman Endorses SEC’s Lawsuit Against Terraform Labs and Do Kwon”
- “Terra Luna Classic (LUNC) Price Prediction Amidst SEC Lawsuit Against Terraform Labs and Do Kwon”
- “US Congress Urged to Take Action on Crypto Regulations by Coinbase Executive”
- Is It Too Late to Buy Cardano? Crypto Experts Give Their ADA Price Predictions
- “Three Arrows Gives Crypto Another Try” Know Full News – Very Useful