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

in jum •  last year 

Large crypto market making firm Jump Trading lost nearly $300 million in the collapse of FTX, according to Michael Lewis’ new book “Going Infinite” about Sam Bankman-Fried and the failure of his crypto exchange.
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 its affiliated trading 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.

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