Cryptocurrencies
Trading Powerhouse’s $320 Million Save Suggests It’s Crypto-Rich
- Jump’s response to Wormhole hack was a fast refund of losses
- President of Jump Crypto calmly tweeted all day about snafu
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This week’s $320 million blockchain hack gives a tantalizing hint at just how huge a presence Jump Trading Group has become in cryptocurrencies.
Jump was always notoriously tight-lipped about its operations even as it grew over the course of two decades into a quiet giant of financial markets. So people took notice when the Chicago-based trading firm started opening up last year about its crypto ambitions. But some secrets remained. Like, for instance, just how much money is the company making in crypto?