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Jump Crypto refuted rumors about problems due to ftx collapse

ByAderinser

Oct 6, 2022

Jump Crypto refuted rumors about problems due to ftx collapse

Jump Crypto, the venture division of Jump Trading Group, refuted rumors about closing due to FTX collapse.

Given The Rumors Flying Around, We Want to Debunk a Few Things.

Jump Crypto is not shutting down. We Believe We’re One of the Most Well-Capitalized and Liquid Firms in Crypto.

We are Still Actively Investing and Trading, So If You’re Looking for Funding, Please Get in Touch.

– Jump_crypto 🔥💃🏻 (@jump_) november 17, 2022

“Jump Crypto does not close. We believe that we are one of the most well -capitalized and liquid companies in the field of cryptocurrencies. We are still actively investing and trading, ”the statement said.

On November 11, FTX Group filed an insolvency application in accordance with Chapter 11 of the US Code of Bankruptcy. Later, representatives of Jump Crypto said they were shocked by the latest events, but assured customers in the absence of problems.

2/ this is a Massive Blow to the Industry, But We Continue to this Space and Work Alongside Building Towars Its Future.

– Jump_crypto 🔥💃🏻 (@jump_) november 12, 2022

However, the community was skeptical of the company’s report. One of Twitter users joked that soon Jump Crypto admits https://gagarin.news/news/orlando-bravo-isnt-thrilled-with-crypto-ethics/ that she suffered from the crisis.

Earlier, several large crypto industry participants announced the absence of close relationships with Sam Bankman-Fried and assured customers that FTX collapse would not affect activities.

Among them was Genesis Trading. However, on November 16, a cryptocurrency OTC platform froze the withdrawal of funds and the issuance of new loans. The next day, its competitor – B2C2 – announced plans to buy a loan portfolio worth about $ 2.8 billion from the company.

On November 8, the founder of Blockfi Flores Marquez also said that all products of the company are completely operative, and business does not depend on the Bankman-Frida exchange. But after three days, the landing platform said that she would not be able to continue activities in normal mode and limit the operation due to the lack of clarity regarding the status of FTX and Alameda Research.

According to WSJ, Blockfi is preparing to apply for insolvency in accordance with Chapter 11 of the US Code of Bankruptcy.

Recall that the Multicoin Capital predicted the fast collapse of trading companies because of the FTX and said they expected to see new statements by the industry about problems.

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