5 Crypto Companies Hit By The Recent Crash

2. Uprise

Uprise is a cryptocurrency company based in South Korea. It provides Heybit, a digital asset finance service alongside Iruda, a global ETF investment service.

Having lost $20 million on July 7th, the company has become one of the worst-hit companies in the current crypto winter. The $20 million figure that Uprise lost this July equated to over 99% of its asset worth. This loss was attributed to the company shorting the Terra Classic native token, LUNC. The company has since been liquidated after losing almost all of its customers’ assets.

Uprise also lost about $3 million of its own funds, adding up to the 99% loss in its assets. The company has suspended services because of its failed shorting operation.