Cracks in the crypto infrastructure are beginning to appear, as the ravages of Crypto Winter take their full toll. For the past few months, the financial press has been filled with headlines related to crypto miners departing the scene. Miners are sometimes called the backbone of the crypto ecosphere. Operations can range from small to large, but estimates run as high as 800,000 entities that have called it quits over the past three months. News today is that Liqui, a small Ukrainian exchange that has been around for sometime, is closing down its operations.

The 80% meltdown in cryptocurrency valuations during 2018 is the core issue driving closures across the industry, but there are several more extenuating circumstances that come into…