A look at the rise and fall of Jump Crypto and former President Kanav Kariya, and Jump's involvement in some of crypto's biggest scandals, like FTX's collapse
The Zoom meeting at Jump Crypto was always running. And in May 2021, a scrum of employees was on the screen, discussing a mounting crisis.
For @FortuneMagazine, I have the full saga of the rise and fall of Kanav Kariya and Jump Crypto. As a former employee told me, “The history of finance was written in the blood of investors.” https://fortune.com/...
Kavan Kariya was the star trader at the center of Jump's dirty dealings with Terra stablecoin. Was Kavan the mastermind — or did he get played by the big boys at Jump? Don't miss our latest feature: https://fortune.com/...
NEW: In June, Kanav Kariya stepped down as president of Jump Crypto, the blockchain arm of the famed Chicago trading firm. The move marked a staggering few years for the 28-year-old wunderkind, from overseeing billions to becoming enmeshed in one of crypto's worst scandals [image…
Despite its central role in crypto, Jump would become intertwined with some of the industry's biggest scandals, from the collapse of FTX to the $325 million hack of its in-house project Wormhole. Everything came to a head when a former Jump employee went as a whistleblower to