Jump Trading withdraws from crypto project Wormhole as key employees split off
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Jump Trading Group has separated from Wormhole, its crypto project, as it pulls back from the volatile crypto market.
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Several high-ranking Wormhole employees, including the CEO and COO, have left Jump to operate Wormhole independently.
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The split comes less than 2 years after Jump invested $320 million in Wormhole following a major hack.
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It's unclear if Jump ordered the spinoff or the number of employees who left due to the separation.
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The split is the latest breakup to weaken Jump's shrinking crypto division after ending a partnership with Robinhood in July.