UPRISE Lost $20M of Client Funds on LUNA Short Bet

Kakao-Backed Uprise Loses $20 Million Shorting LUNA During

Uprise lost 99% of client funds while shorting LUNA

Uprise

South Korea’s Uprise Loses $20 Million Shorting LUNA

UPRISE, a Korean crypto startup running a robo-advisor algorithmic trading platform, reportedly lost $20 million in a short bet on Terra's LUNA during its collapse in May.

Uprise, a South Korean company platform for cryptocurrency investments, purportedly lost nearly 99 percent of its assets, or $20 million, when it was forced to liquidate shorting the Luna

According to a local news

South Korean crypto investment startup platform Uprise reportedly lost around 99% of its assets worth about $20 million when it got liquidated shorting the LUNA token.

According to a local news report on Tuesday (J), Uprise suffered huge losses after entering a short sell position for LUNA using clients’ funds. As a result of the

Uprise perdió $ 20 millones al acortar a Luna

Korean startup Uprise lost $20M shorting LUNC

Korean Firm Uprise Shorts LUNC; Loses $20 Million

Korean startup Uprise lost $20M shorting LUNA

Uprise

Uprise, South Korean crypto investing startup platform, reportedly lost 99 percent of its assets worth approximately $20 million when it was liquidated shorting the LUNA