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Ethereum World News
2022-05-31 18:25:01

CoinShares CEO Declares the Company Lost $21M Due to UST’s Depeg, States it Was a Humbling Lesson

CoinShares CEO Declares the Company Lost $21M Due to UST’s Depeg, States it Was a Humbling Lesson

Summary: CoinShares has released its 2021 Financial Annual Report. In the report, CoinShares CEO has stated that the company suffered a £17 million ($21.45 million) loss from its DeFi activities related to UST. CoinShares CEO has defined the loss as a humbling lesson for himself and the team. He also added that the events will be a ‘battle scar’ that he will personally never forget. The digital asset investment firm of CoinShares has released its 2021 Annual Report, in which […]

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