Jump Trading Group Severs Ties with Crypto Project Wormhole
Jump Trading Group has reportedly distanced itself from Wormhole, a crypto project under its crypto investing arm, as part of its broader retreat from the unpredictable digital-assets market.
Key Wormhole personnel, including the CEO and COO, have left Jump to operate Wormhole independently, marking a separation less than two years after Jump's $320 million investment in the project following a significant hack. The circumstances surrounding the split and the number of employees affected remain uncertain, adding to the recent challenges faced by Jump's diminishing crypto division, which saw the termination of its business partnership with Robinhood in early July.
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