Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire
Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire coindesk.com 02 August 2024 12:25, UTC Lack of risk management in financial bets by the Kujira Foundation led to a 55% drop in KUJI token prices within 24 hours. Liquidations of leveraged positions by Kujira’s operational wallet resulted in significant losses and…