Hashed Lost $3B on Terra’s Meltdown, CEO Tells Bloomberg

Key Takeaways

  • Hashed lost more than $3 billion in paper gains on its LUNA bet, the firm’s CEO Simon Seojoon Kim has told Bloomberg.
  • The venture capital firm was one of several crypto giants to take a hard hit as Terra collapsed to zero in May.
  • Kim said the firm plans to focus increasingly on GameFi and will launch a new fund in the future.

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