A major cryptocurrency exchange’s market value has fallen by more than 50%, it has laid off 30% of its staff, and it is considering asking the founders to forgive several hundred million dollars in loans. It lost $585 million last year, plans to exit multiple markets, and senior executives have stepped down. The Winklevoss brothers have not yet said whether they support the proposal.

SpaceX will face nearly $5 billion in losses in 2025, mainly due to increased investment in AI infrastructure and computing power. While high capital expenditures may weigh on profits in the short term, core businesses such as Starlink continue to grow.

A prediction platform shows that on April 9, an account lost more than $4.3 million. In the NBA Bulls vs. Wizards game, it bought the Bulls point spread. Before the game, the Bulls were ranked 12th in the Eastern Conference, and the Wizards were ranked 15th.

On-chain analyst 0xMacroGuy noted that Hyperliquid HLP lost approximately $1.2 million due to a takeover by a malicious actor of a large Fartcoin long position, representing about a 0.35% drawdown. The attacker intentionally incurred losses after establishing a large amount of leverage, causing HLP to absorb greater losses. HLP’s current TVL is $420 million, and its APR over the past month was 0%.

In his new book, CZ recalls a mistake he made when buying Bitcoin using BTC-e after Mt. Gox collapsed. He accidentally sent 46 BTC to the wrong address, resulting in the permanent loss of the assets, worth about $30k. He highlighted the risk of blockchain transactions being irreversible and the lack of a centralized compensation mechanism.

In Polymarket’s NCAA finals, a single account lost nearly $5 million after buying $400k worth of Connecticut winning prediction shares, with an opening position average price of 49¢. NCAA “March Madness” is the U.S. college basketball tournament, which uses a single-elimination format.

April 2, the Drift attack incident affected multiple DeFi protocols, including Reflect Money and Ranger Finance, among 11 projects. Some projects paused features such as minting and withdrawals. Ranger Finance lost about $900,000, accounting for 6% of its total value; Pyra also paused the relevant functions because users’ funds were affected.

A Singapore court ruled that threats should not be issued against Curve Finance contributor Wong and ordered two defendants to pay about 2,500 Singapore dollars in damages. The case stems from the 2025 Resupply exploit attack; users lost about $9.3 million, and Curve was not involved in this incident.

This week, U.S. stocks fell across the board, with the S&P 500, Nasdaq, and Dow Jones indices all setting records for the longest five-week losing streak since 2022, and the market value of tech stocks shrinking by $870 billion. Meta plummeted approximately 12% due to a double blow from lawsuits and layoffs, with over half of the overall market entering a technical bear market.