The company used its own and its customers' funds to short LUNA, but it didn't go to plan.
The company used its own and its customers’ funds to short LUNA, but it didn’t go to plan.
As a result of the violent market volatility, the company lost about 26.7 billion won , amounting to 99% of customers’ funds. Uprise also lost 3.9 billion won of its own assets.“It is true that damage to customer assets has occurred due to unexpected great volatility in the market. We plan to finalize the report on virtual asset business soon.”
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