Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers

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2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to taking the crypto ecosystem forward turned out to be the orchestrators of its worst year in recent memory.

That said, quite a few protagonists rose to the occasion. These winners proved that crypto is not just about a few select individuals and companies but a vibrant ecosystem that can survive significant setbacks.

Ledger and Trezor

White hat hackers

Tether

TerraUSD

Alameda Research, FTX and centralized exchanges

Crypto investors

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