Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroJump Trading lost over $200 million to the FTX collapse, according to Michael Lewis’ “Going Infinite” book released today.Nearly half of the $8.7 billion owed to FTX account holders were concentrated in the 50 biggest accounts, including Jump.
An entity labeled as “Tai Mo Shan Limited,” which had lost over $75 million, was an affiliate of Jump Trading, he noted. Virtu Financial Singapore was reported as having losses exceeding $10 million. Among the eye-popping figures were a five-year deal with Major League Baseball that came in at $162.5 million and a seven-year deal with the video game developer Riot Games for $105 million — apparently just because Bankman-Fried likes League of Legends, Wang said.
Another document that caught Wang's attention was a rough Alameda Research balance sheet, which starkly contrasted with previous versions. “When I saw it, I told my team not to respond to external parties because I did not want them to lose their good name and reputation,” she said.
Source: Digital Coin News (digitalcoinnews.net)
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