It has been a miserable month for crypto — and it’s only the third day of August

It has been a rough month for the crypto sector, and it’s only the third day of August.

From cross-chain bridge hacks draining hundreds of millions of dollars in customer funds to the Securities and Exchange Commission coming after crypto ponzi schemes, this corner of the market can’t catch a break.

The developments add to an already torrid year for the crypto market, which has seen huge declines as fears around tightening monetary policy and a…