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The post Mechanism Capital Co-founder Loses Over $430k Crypto Cash! appeared first on Coinpedia Fintech News
Andrew Kang, co-founder of crypto investment firm Mechanism Capital, has reportedly lost over $430,000 in a single day after the digital asset market crashed. According to Lookonchain, Kang made 14 trades in leveraged positions on Bitcoin, Ethereum, and Arbitrum, resulting in significant losses. The news highlights the potential volatility of cryptocurrency investments, and the risks involved in leveraged trading. Despite the setback, Kang remains optimistic about the long-term potential of the digital asset market, stating that “volatility is part of the game in crypto.”
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