Kanav
Kariya,
who
ascended
from
intern
to
the
head
of
cryptocurrencies
at
Chicago-based
trading
heavyweight
Jump
Trading
by
the
age
of
25,
has
left
the
company.
The
news
follows
a
Fortune
report
last
week
that
the
U.S.
Commodity
Futures
Trading
Commission
is
investigating
the
company’s
crypto
dealings.
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Kariya
posted
on
X
Monday
that
he’s
exiting
today,
“a
moment
I’m
receiving
with
both
a
heavy
heart
and
great
excitement
about
the
road
ahead.”
His
appointment
as
president
was
announced
in
2021.
The
company
faced
a
series
of
setbacks
in
the
aftermath.
The
Wormhole
cryptocurrency
bridge
that
Jump
backed
was
hacked
in
early
2022
to
the
tune
of
more
than
$300
million,
prompting
Jump
to
replenish
losses
out
of
its
own
pocket.
And
then
Do
Kwon’s
Terra/Luna
project
blew
up,
leading
to
criminal
charges
again
Kwon.
U.S.
officials
say
Jump
earned
more
than
$1
billion
from
that
ecosystem
before
it
fell
apart.
He
was
just
25
when
he
got
the
president
job
at
Jump
Crypto.
Now,
in
his
late
20s,
“I
plan
to
stay
engaged
with
the
portfolio
companies
I’ve
been
most
involved
with
and
hopefully
take
some
time
to
process
the
unbelievably
eventful
few
years
we’ve
had,”
he
said
on
X
Monday.
UPDATE
(June
24,
2024,
14:55
UTC):
Adds
Fortune
story
on
CFTC
probe.
