The following result of Roger Smith is well known to operator algebraists:
$$\| \phi: E \rightarrow M_n\|_{cb} =\| \phi^{(n)} \otimes id_{M_n}: E \otimes_{min}M_n \rightarrow M_n \otimes M_n\|,$$ where $\phi^{(n)}$ is the $n$-amplification of $\phi$, i.e., $$\phi^{(n)}: = \phi \otimes id_{M_n}: E \otimes_{min}M_n \rightarrow M_n \otimes M_n. $$
My question is: for any $m$, does there exist $N = N(m)$, such that for any bounded linear map $u : M_m \rightarrow \mathscr{K}(\ell_2)$, we have $$ \| u \|_{cb} \le 2 \| u^{(N)} \|? $$
I suspect the answer is no, but I can not provide myself an argument. Does anyone know the answer and reference for it ?