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Market Cap:
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Bitcoin Bitcoin Share: 59.66%
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Cryptopolitan
2022-07-07 09:09:48

Uprise lost $20 million shorting Luna

Uprise lost $20 million shorting Luna

Uprise, a South Korean crypto enterprise, suffered a $20 million loss after getting liquidated shorting the Luna token. The loss amounted to 99% of the startup’s total assets. Uprise’s trading desk Heybit uses a trading platform powered by artificial intelligence (AI). Heybit developed the platform to mitigate the risks involved with leveraged trading. Seoul Economic...

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