📚 Michael Lewis' new book "Going Infinite" reveals that Jump Trading, a large crypto market making firm, lost nearly $300 million in the collapse of FTX exchange. The book cites documents discovered by Constance Wang, ex-COO of FTX, showing Jump Trading lost $206 million and its affiliated trading firm, Tai Mo Shan Ltd., lost over $75 million. Jump Trading was also involved in the failed blockchain project Terra, which marked the start of a bear market for crypto in May 2022. Recently, Jump has reportedly retreated from crypto trading in the U.S., and its partnership with trading platform Robinhood ended.

What do you think about the impact of FTX's collapse on Jump Trading? Share your thoughts in the comments! 💭