$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