0xfanfaron further elaborated that he sold the firm’s Ether positions through a series of trades with the plan to reinvest at a “better time.” The venture led to $1.827 million in realized losses. Among Ragnarok’s other expenses during that time were $1.9 million paid for outsourcing development work and $6.9 million in salaries and compensation to team members.
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Source: Cryptocurrency - investing.com