Young Belgian trader who lost 90% because of FTX ready to restart

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Last Updated on 6 November 2023 by CryptoTips.eu

Kasper Vandeloock is a trader who already has quite a long history in investing and crypto, even though he is only 23 years old. He lost about 90% of his capital last year when FTX collapsed, but is now back to trading. With an investment fund of some $450,000 to back his trades, he restarts in good spirits.

Kasper Vandeloock is seen as a quant, someone who finds smart investment strategies and then applies them to make a profit. In recent years, he has been especially lucky with trading on BitMEX.

He had noticed that whenever crypto trading got too busy, the BitMEX platform would take a few minutes to adjust the live prices and so he could take advantage of the difference between the quoted and the real price.

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Spread

When Bitcoin dropped to $3,000 in 2019, he made an excellent investment and bought low due to the large spread on various crypto platforms.

2020 and 2021 were also good years for him, but in 2022 he had a real disaster year as he tied up most of his capital with FTX.

Kasper was surprised when FTX went bankrupt and lost 90% of his fortune.

“Not a great thing that I lost all my funds on FTX but it’s a lesson that I learned,” he explained.

After a long litigation process against FTX and with the help of one of the founders of the NFT project Hashmask, he is now back on his feet and ready to start a new investment fund with a capital of $450,000.

PromesaStudio / Depositphotos.com

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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