Coin

<ul class="news-points">
 <li>Jump Trading Group has strategically separated from the Wormhole project.</li>
 <li>This move comes after Jump injected $320 million in Wormhole after a hack in 2022.</li>
 <li>Wormhole executives depart Jump Trading to steer Wormhole as an independent venture following the split.</li>
</ul>
<a href="https://coinedition.com/jump-trading-made-1-28b-while-keeping-ust-pegged-investigator/" rel="noopener noreferrer nofollow">Jump Trading Group</a> has officially severed ties with the Wormhole project, marking a significant downsizing of its crypto operations. This development was captured in a recent publication from Bloomberg.&nbsp;
According to the report, the separation comes almost two years after Jump injected approximately $320 million into Wormhole after a substantial hack in 2022. Furthermore, the report mentioned that key figures within Wormhole, including its CEO Saeed Badreg and COO Anthony Ramirez, have recently departed from Jump Trading Group to lead Wormhole as an independent entity.&nbsp;
Insiders familiar with the matter, who preferred to remain anonymous while discussing private information, revealed to Bloomberg that the move resulted in an undisclosed number of departures from Jump Trading Group.&nbsp;
Emphatically, Wormhole, formerly under Jump Crypto, the digital-asset unit of Jump Trading, has become independent…
The post <a href="https://coinedition.com/jump-trading-group-severs-ties-with-wormhole-after-320m-injection/" rel="noopener noreferrer nofollow">Jump Trading Group Severs Ties With Wormhole after $320M Injection</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Jump Trading Group Severs Ties With Wormhole after $320M Injection

Coin Edition

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