đ€ŁDeFi fans, gather 'round for a wild tale! Jump Trading, a big crypto market maker, lost a whopping $300M in FTX's collapse, as revealed in Michael Lewis' new book "Going Infinite"đ. Jump was "near the top" of FTX's 50 biggest accounts who couldn't get their đ° out. Ouch!
đBut hey, we're optimists here! Let's chat in the comments about how this could be a lesson for future DeFi & Web 3 projects.đ
đȘJump's misfortune doesn't stop there. They were also involved in the failed Terra project, whose stablecoin & LUNA token went đ„ in May 2022. Tough times, but we know the crypto market will bounce back!đ
đSo, what do you think of Jump's losses? Share your thoughts below & let's get this convo going!đ #DeFi #Web3 #crypto
đBut hey, we're optimists here! Let's chat in the comments about how this could be a lesson for future DeFi & Web 3 projects.đ
đȘJump's misfortune doesn't stop there. They were also involved in the failed Terra project, whose stablecoin & LUNA token went đ„ in May 2022. Tough times, but we know the crypto market will bounce back!đ
đSo, what do you think of Jump's losses? Share your thoughts below & let's get this convo going!đ #DeFi #Web3 #crypto