Jump Crypto President Leaves Company
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Kanav Kariya, the president of Jump Crypto, has announced his resignation from the position amid reports of a probe by the CFTC.
In a post on social media on June 24, Kariya stated that he will now focus on personal relationships and reading while searching for his next venture. Reflecting on his time at Jump Crypto, Kariya described it as “eventful.”
The company’s troubles started in February 2022 when hackers took advantage of the Wormhole bridge, resulting in $321 million worth of wETH tokens being fraudulently minted and redeemed on the Solana blockchain.
Jump Crypto, which owned the developer responsible for the bridge, took responsibility for the damages and deposited an equal amount of Ether tokens into the bridge.
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