๐๐ Michael Lewis' new book "Going Infinite" reveals that Jump Trading, a large crypto market maker, lost nearly $300M in the FTX collapse! Jump lost $206M, while its affiliated firm Tai Mo Shan Ltd. lost over $75M. Ouch! ๐ต
FTX filed for bankruptcy in Nov, with its top 50 creditors claiming they're owed $3.1B. Jump was also involved in the failed Terra project, whose stablecoin & LUNA token imploded in May 2022. ๐
What are your thoughts on the risks of being a big player in the crypto market? Share in the comments! ๐ฌ
FTX filed for bankruptcy in Nov, with its top 50 creditors claiming they're owed $3.1B. Jump was also involved in the failed Terra project, whose stablecoin & LUNA token imploded in May 2022. ๐
What are your thoughts on the risks of being a big player in the crypto market? Share in the comments! ๐ฌ