BITPRISMIA
Abraxas Capital is facing an estimated $244.78 million in unrealized losses from short positions in cryptocurrencies, primarily due to unfavorable market movements in Ethereum and Bitcoin.
Hyperliquid trader James Wynn suffered a $1 million loss from a PEPE long position, highlighting the risks of high-leverage trading with volatile meme coins.
July 2023 saw a significant increase in crypto hacks, with $142 million lost across 17 major incidents, highlighting the need for improved security measures in the decentralized finance (DeFi) sector.
Machi Big Brother, a prominent NFT whale, suffered a $3.86 million floating loss due to leveraged positions in PUMP, ETH, and HYPE tokens, highlighting the risks of high leverage in volatile markets.
Over 913,000 Ethereum (ETH) worth approximately $3.43 billion has been permanently lost due to user errors and code bugs, representing 0.76% of Ethereum's circulating supply, with broader implications for the network and investor confidence.
Abraxas Capital is reportedly facing a $131 million unrealized loss on crypto short positions, primarily held on the Hyperliquid platform, highlighting the risks of high-stakes crypto trading.
A South Korean man was fined for assaulting Delio CEO James Jung over significant crypto losses, highlighting broader challenges in the South Korean crypto market.