Jump Trading spun off cross-chain protocol Wormhole as an independent entity, according to a report from Bloomberg.
The report stated that senior staffers at Wormhole left Jump as part of the split, including CEO Saeed Badreg and COO Anthony Ramirez.
Jump Trading did not immediately return a request for comment.
Wormhole, back in 2022, was hacked for roughly $320 million in one of the largest DeFi hacks to date. A whopping 120,000 ETH was stolen at the time. Jump Crypto, the crypto arm of Jump Trading, stepped in to replace the funds.
Earlier this year, in February, Blockworks Research was able to track transactions that showed Jump Crypto recovering the funds stolen by the…
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