Big Short Author: Jump Trading Loses $200M+ in FTX

Yamini003

On October 3rd, according to The Block, Michael Lewis, the author of "The Big Short," stated that Jump Trading lost $206 million in the FTX bankruptcy, which is one of the largest losses among all companies except FTX or Alameda.

Additionally, "Tai Mo Shan Limited" is an affiliate of Jump Trading, and the company lost over $75 million.

Among FTX's $8.7 billion in debt, the top 50 accounts on FTX hold nearly half of the owed amount.

As previously reported by BlockBeats, Michael Lewis's new book about SBF, titled "Going Infinite: The Rise and Fall of a New Tycoon," is scheduled to be published on October 3rd, and several sources revealed that Apple acquired the rights to the book for $5 million. Michael Lewis's other works include "The Crypto King Sam Bankman-Fried & FTX" and "The Big Short."

977Iti

This loss is quite substantial.

Ritu77

Indeed, there are quite a few significant losses.