Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’

The book says Jump was “near the top” of the list of FTX’s 50 “biggest accounts whose owners had been unable to remove their money from the crypto exchange,” Lewis wrote. Jump Trading lost $206 million while itstrading firm, Tai Mo Shan Ltd., lost more than $75 million, according to the book, which cited documents discovered by Constance Wang, ex-chief operating officer of FTX.If accurate, the book underscores the heavy blow Jump endured when FTX collapsed in November.

The largest single claim was $226 million, followed by a $203 million claim. The creditors’ names were redacted., whose TerraUSD stablecoin and native token LUNA imploded in a spectacular fashion in May 2022, marking the start of a grueling bear market for crypto.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a.

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