Bitcoin24h $100,205.64-0.11%

Ethereum24h $3,314.38-3.13%

XRP24h $3.27+7.94%

BNB24h $710.41-0.08%

Solana24h $210.09+2.61%

Dogecoin24h $0.3765-0.73%

Cardano24h $1.09+3.24%

TRON24h $0.2385+1.04%

Avalanche24h $40.19+1.94%

Chainlink24h $23.31+7.31%

Jump Crypto liquidates DeFi positions as financial woes stack up

Blockchain researchers are following evidence that suggests Jump liquidated DeFi positions and is sending proceeds to centralized exchanges.

Jump Crypto’s shady backers could make things worse during CFTC probe

Despite efforts to distance itself from FTX, Jump had ties to the fraudulent empire that the CFTC might now be investigating.

This week, a chart appeared to show stablecoin volume on the Solana blockchain declining over 90% since a series of events at Jump Crypto.

Jump Crypto president Kanav Kariya pled the Fifth nine times during his recently unsealed deposition in the SEC’s case against Do Kwon.

Quantitative trading juggernaut Jump Crypto could have been one of the largest beneficiaries of one of history’s largest frauds, Terra.