Jump Trading loses over $200 million in FTX crash

According to “Going Infinite,” a book released today by Michael Lewis, crypto market maker Jump Trading lost $206 million in the collapse of FTX, one of the largest losses among entities not affiliated with FTX or Alameda. The book cites private documents unearthed by former FTX COO Constance Wang as a source of information. He pointed out that an entity called "Tai Mo Shan Limited", which is an affiliate of Jump Trading, lost more than US$75 million. According to reports, Singapore-based Virtu Financial suffered losses of more than $10 million. A significant number of these fake accounts have been traced back to FTX employees. It was previously reported that SBF held talks with "The Big Short" author Michael Lewis while he was under house arrest.