South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra...
Tag: UPRISE
Uprise Investment Fund Becomes the Latest Victim of the LUNA Crash
Several cryptocurrency companies have claimed going belly up or facing financial distress in the past couple of months. While some of these have been due to the bearish sentiment and overall decreased...
Crypto Firm Uprise Loses $23 Million In The Luna Crash
The recent Luna crash had a turbulent effect on the whole cryptocurrency space, with many investors losing billions of dollars. Several exchanges and crypto firms suffered losses as well. In one such...
Uprise lost $20 million shorting Luna
Uprise, a South Korean crypto enterprise, suffered a $20 million loss after getting liquidated shorting the Luna token. The loss amounted to 99% of the startup’s total assets. Uprise’s trading desk He...
Korean startup Uprise lost $20M shorting LUNC
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 Classic (LUNC) token. Uprise’s trading ...
Uprise lost 99% of client funds while shorting LUNA during its price crash: SE Daily
Korean crypto startup Uprise lost virtually all of its client funds by shorting luna (LUNA) during its price crash and getting caught on the bounces, Seoul Economic daily reported on Wednesday. The Ko...
Kakao-Backed Uprise Loses $20 Million Shorting LUNA During May Crash
Uprise Investment Fund became the latest cryptocurrency company to be affected by the LUNA crash, with over $20 million worth of funds getting liquidated while short-trading the asset during its crash...
UPRISE Lost $20M of Client Funds on LUNA Short Bet
Key Takeaways 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. Per a lo...