Crypto crisis: how digital currencies went from boom to collapse

Savers talk of devastating losses as assets such as bitcoin and stablecoins' like terra fell sharply

Yuri Popovich had watched his neighbours' houses burn down to the ground in Kyiv and he needed a safe place to put his money. So he did what millions of amateur investors have done in recent years: he turned to cryptocurrency.

It was impossible and unsafe to store funds in the form of banknotes. There was a big risk of theft, we also had cases of looting. Therefore, I trusted a stable and reliable' cryptocurrency. Not for the purpose of speculating, but simply to save," he says.