{"id":70291,"date":"2022-11-18T14:59:12","date_gmt":"2022-11-18T12:59:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70291"},"modified":"2025-09-08T01:11:27","modified_gmt":"2025-09-07T22:11:27","slug":"jump-crypto-refutes-rumors-of-trouble-amid-ftx-collapse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jump-crypto-refutes-rumors-of-trouble-amid-ftx-collapse\/","title":{"rendered":"Jump Crypto refutes rumors of trouble amid FTX collapse"},"content":{"rendered":"<p>Jump Crypto, the venture arm of Jump Trading Group, has debunked rumours of a shutdown amid the FTX collapse.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Given the rumors flying around, we want to debunk a few things.<\/p>\n<p>Jump Crypto is not shutting down. We believe we\u2019re one of the most well-capitalized and liquid firms in crypto.<\/p>\n<p>We are still actively investing and trading, so if you\u2019re looking for funding, please get in touch.<\/p>\n<p>\u2014 jump_crypto \ud83d\udd25\ud83d\udc83\ud83c\udffb (@jump_) <a href=\\\"https:\/\/twitter.com\/jump_\/status\/1593305465869459456?ref_src=twsrc%5Etfw\\\">November 17, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cJump Crypto is not shutting down. We believe we are one of the best-capitalised and most liquid companies in the crypto space. We are still actively investing and trading,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>On November 11, FTX Group <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">filed for bankruptcy<\/a> under Chapter 11 of the U.S. Bankruptcy Code. Later, Jump Crypto representatives said they were shocked by the latest events but assured clients there were no problems.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">2\/ This is a massive blow to the industry, but we continue to believe in this space and work alongside others building towards its future.<\/p>\n<p>\u2014 jump_crypto \ud83d\udd25\ud83d\udc83\ud83c\udffb (@jump_) <a href=\\\"https:\/\/twitter.com\/jump_\/status\/1591545853332058112?ref_src=twsrc%5Etfw\\\">November 12, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>However, the community responded skeptically to the company\u2019s message. One Twitter user joked that Jump Crypto would soon admit that it had been affected by the crisis.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">2 days later \u201cWe have been heavily affected by luna crash and ftx bankruptcy, in order to protect costumers, we are stoping withdrawals\u201d<\/p>\n<p>I think we will find out before the end of the month <a href=\\\"https:\/\/t.co\/1Jn01NRS1d\\\">pic.twitter.com\/1Jn01NRS1d<\/a><\/p>\n<p>\u2014 CryptoF (@fz_crypto) <a href=\\\"https:\/\/twitter.com\/fz_crypto\/status\/1593308765692076037?ref_src=twsrc%5Etfw\\\">November 17, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier, several major players in the crypto industry <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-industry-participants-distance-themselves-from-ftx-and-alameda-research\">stated that they did not have close relationships<\/a> with the companies of Sam Bankman-Fried and assured clients that the FTX collapse would not affect activity.<\/p>\n<p>Among them was Genesis Global Capital. However, on November 16, the cryptocurrency OTC platform<a href=\"https:\/\/u1f987.com\/en\/news\/genesis-global-capital-suspends-crypto-lending-operations\">froze withdrawals<\/a> and issuance of new loans. The next day its competitor \u2014 B2C2 \u2014 announced plans <a href=\"https:\/\/u1f987.com\/en\/news\/b2c2-plans-to-acquire-genesis-global-capital-loan-portfolio\">to buy the loan portfolio<\/a> worth about $2.8 billion from the company.<\/p>\n<p>On November 8, BlockFi founder Flori Marquez also <a href=\\\"https:\/\/twitter.com\/FounderFlori\/status\/1590030310787657729\\\">reported<\/a> that all the company\u2019s products were \u201cfully functional\u201d, and the business did not depend on the Bankman-Fried exchange. But just three days later the lending platform said that <a href=\"https:\/\/u1f987.com\/en\/news\/blockfi-halts-withdrawals-amid-ftx-crisis\">it could not continue operating<\/a> normally and would restrict operations due to the lack of clarity regarding the status of FTX and Alameda Research.<\/p>\n<p>According to WSJ, BlockFi is preparing <a href=\"https:\/\/u1f987.com\/en\/news\/wsj-blockfi-to-file-for-chapter-11-bankruptcy\">to file for bankruptcy<\/a> under Chapter 11 of the U.S. Bankruptcy Code.<\/p>\n<p>Earlier, Multicoin Capital <a href=\"https:\/\/u1f987.com\/en\/news\/multicoin-forecasts-imminent-collapse-of-trading-firms-amid-ftx-fallout\">predicted the imminent collapse<\/a> of trading firms due to FTX and said they expected to see new statements from industry participants about problems.<\/p>\n<p>Read ForkLog\u2019s bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jump Crypto, the venture arm of Jump Trading Group, has debunked rumours of a shutdown amid the FTX collapse.<\/p>\n","protected":false},"author":1,"featured_media":70292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,1373],"class_list":["post-70291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-jump-trading"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70291"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70291\/revisions"}],"predecessor-version":[{"id":70293,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70291\/revisions\/70293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70292"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}