Ethereum World News
2022-07-06 14:25:06

South-Korean Firm Uprise Erases Almost All Client Funds While Shorting LUNA During Terra Crash

It is reported that 26.7 billion of customer assets were forcibly liquidated during the Luna crash. Uprise is considering compensation for affected customers. Uprise previously attracted 24 billion in it’s Series C round investment, with Koran investors such as Kakao Ventures and KTB Network backing the company. This is not the first company to fall under the curse of the Luna collapse. Other companies such as Three Arrows Capital & Celsius have been damaged by the crash. Uprise, a South-Korean […]

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.