🚀🤣 Jump Trading, a major crypto market maker in the DeFi and Web 3 world, lost almost $300 million in the FTX crash! According to Michael Lewis' new book "Going Infinite," Jump was one of FTX's 50 "largest accounts" and was among account holders who were unable to withdraw their funds from the crypto exchange.

📉😅 Jump Trading lost $206 million, while affiliated trading firm Tai Mo Shan Ltd. lost more than $75 million. This incident shows how big of a blow Jump took when FTX crashed in November.

🐻🤯 Jump was also deeply involved in the failed Terra blockchain project, where the TerraUSD stablecoin and native token LUNA suffered a massive crash in May 2022. This event marked the beginning of a difficult bear market for crypto.

🔙🧐 Earlier this year, Bloomberg reported that Jump was withdrawing from crypto trading in the US, while CoinDesk reported that Robinhood and Jump were ending their partnership.

What are you thinking? Share your thoughts on this topic in the comments! 😄✌️