As Crypto Winter Spurs Deals, Attys Caution: ‘Buyer Beware’

By Elise Hansen (August 12, 2022, 4:59 PM EDT) — Cryptocurrencies’ price volatility and the uncertain regulatory environment will play an outsize role in shaping acquisition and funding deals during “crypto winter,” as well-capitalized players hunt for bargains, attorneys told Law360.

Plunging cryptocurrency prices over the last few months have wiped out some companies and pushed others into hiring freezes or layoffs. Companies that remain solvent have generally seen their valuations go down amid the turmoil, creating an opening for buyers with strong balance sheets or investors seeking sweeter financing terms.

But in the cryptocurrency space, questions around target companies’ financial stability and regulatory compliance can be particularly acute.

“There’s definitely…

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