Last week, we witnessed two big players in crypto — Three Arrows Capital and Celsius — straight up imploding upon themselves.

This week, the contagion from 3AC continued to spread as linked companies BlockFi and Voyager Digital both took on heavy cautionary measures to stay afloat.

The latter lowered its daily withdrawal limits to $10K.

Things were looking pretty grim for either. But CEX giant FTX came to the rescue of BlockFi’s financial troubles, and VC firm Alameda Research to Voyager’s.

The cost? Coming up on a cool billion dollars all in.

And Celsius? Remember them? TradFi vultures are circling as none other than pantomime crypto villain Goldman Sachs is lining up $2 billion to purchase the firm’s assets if and when it does go officially bankrupt.