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\South Korean crypto investment startup Uprise reportedly lost around 99% of the client's assets worth about $20 million when it got liquidated shorting the Luna. The Korean crypto startup UPRISE reportedly lost around $20 million in client money while shorting LUNA during its collapse in May. Uprise got liquidated trading LUNA futures and lost $20 million in client funds. The loss represents 99% of the funds custodied by clients on the platform.
