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Ethereum World News 2022-07-06 14:25:06

South-Korean Firm Uprise Erases Almost All Client Funds While Shorting LUNA During Terra Crash

It is reported that 26.7 billion of customer assets were forcibly liquidated during the Luna crash. Uprise is considering compensation for affected customers. Uprise previously attracted 24 billion in it’s Series C round investment, with Koran investors such as Kakao Ventures and KTB Network backing the company. This is not the first company to fall under the curse of the Luna collapse. Other companies such as Three Arrows Capital & Celsius have been damaged by the crash. Uprise, a South-Korean […]

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