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Does jump Crypto have FTX exposure?

Jump's exposure to FTX was managed in accordance with our risk framework and we remain well capitalized. In February 2022, Jump Crypto paid $320 million to bail out token bridge Wormhole after hackers stole $325 million in Wormhole-wrapped ether on Solana.

What is jump crypto?

Jump Crypto has emerged as a uniquely powerful presence in the decentralized finance ( DeFi) space, branching further from its trading roots to become active builders, investors, governance voters and community members.

Are jump and FTX related?

Jump and FTX go way back and the relationship is a deep one. However, the links haven’t always been viewed favorably. Indeed, Jump was accused of colluding with Sam Bankman-Fried’s Alameda Research on seed funding rounds and yield farming investments.

How did jump crypto bail out wormhole?

In February 2022, Jump Crypto paid $320 million to bail out token bridge Wormhole after hackers stole $325 million in Wormhole-wrapped ether on Solana. How had it acquired those funds? According to Jump Trading president Dave Olsen, it bought 120,000 ETH, which was then worth $3,000 per ETH.

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