The Aftermath of FTX's Collapse: Losses, Liquidity Gaps, and Ripple Effects
TL;DR Summary
Jump Trading, a major player in the crypto market, reportedly lost nearly $300 million in the collapse of FTX, according to Michael Lewis' book "Going Infinite." The book reveals that Jump was among the top accounts unable to withdraw funds from the crypto exchange. Jump Trading lost $206 million, while its affiliated firm, Tai Mo Shan Ltd., lost over $75 million. FTX filed for bankruptcy in November, with its top 50 creditors claiming $3.1 billion owed by the exchange. Jump Trading was also involved in the failed blockchain project Terra.
- Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’ CoinDesk
- 'Alameda Gap' in Crypto Liquidity Persists With Bankman-Fried on Trial Bloomberg
- Bitcoin nearly 1-year after FTX's collapse Fox Business
- How Are Crypto Traders Behaving After FTX Collapse? CoinDesk
- Why the Ripple Effect of FTX's Demise Goes Beyond the U.S. CoinDesk
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