The venture arm of the Jump Trading Group, Jump Crypto, has denied rumors of a closure due to the collapse of FTX.
The statement made by the company says:
“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.”
FTX Group filed for Chapter 11 Bankruptcy last November 11. Later, representatives of Jump Crypto reported they were shocked by the latest developments, but assured customers that there were no problems.
However, the community was skeptical about the company’s message. Even a Twitter user joked that Jump Crypto would soon admit to being hit by the crisis.
Several major participants in the crypto industry have previously stated they do not have close relationships with FTX.