Wormhole Raises $225M at $2.5B Valuation, Splits from Jump Crypto for Independent Future After 2022 Hack
• Wormhole raises $225M at a $2.5B valuation in crypto's largest 2023 raise • The raise finalizes Wormhole's split from Jump Crypto amid Jump's pullback from crypto • Wormhole was originally built within Jump Crypto but faced scrutiny after a 2022 hack • Wormhole Labs and Wormhole Foundation created as separate entities to develop the protocol • The raise and independence mark a "new beginning" for Wormhole after past issues