Korean startup Uprise lost $20M shorting LUNA
The crypto custodial service and AI trading platform managed to lose nearly all of its customers’ assets by shorting LUNA, the Terra Classic native token.
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UPRISE Lost $20M of Client Funds on LUNA Short Bet
According to a local media report, UPRISE’s “robo-advisor” trading product was liquidated for almost all of the platforms assets when it went short on Terra’s LUNA on the futures market...