The First Domino: A Paraguayan Bank Has Collapsed, and This Is Only the Beginning

Three million people lost access to their money overnight, and the country’s president was placed under house arrest. The authorities are calling this an isolated incident. We see it differently. Paraguay’s largest digital bank collapsed—and within a week, it dragged down the pension fund, the energy sector, the currency, and the head of state. A week earlier, a bank in Serbia collapsed and the world’s largest crypto exchange was hacked. We’ll break down why the small ones fall first, who’s next in line, and what to do with your money before the wave reaches you.