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CryptoGlobe 2024-09-18 00:30:00

$1 Million Gone in a Flash? Crypto Trader Sees Massive Loss in Under 50 Days

A cryptocurrency trader has lost more than $1.1 million in less than two months after making a large bet on popular decentralized finance platform MakerDAO (MKR), the entity behind the cryptocurrency-backed stablecoin DAI, in late July. According to data from blockchain analysis service Lookonchain, the trader spent $2.9 million to buy 1,100 MKr tokens in

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