Jump Trading loses $206 million in FTX collapse: Michael Lewis’ book!

Jump Trading, a Chicago-based quantitative trading firm, lost $206 million in the collapse of crypto derivatives exchange FTX, according to Michael Lewis’ book Going Infinite, which references private documents uncovered by ex-FTX COO Constance Wang. Nearly half of the $8.7 billion owed to over 10 million FTX account holders was concentrated in the 50 biggest accounts, though the real names of around half of the list were concealed, according to the book. Many disguised accounts were traced back to FTX employees, including Wang, who faced personal losses amounting to around $25 million.