A Company That Has Been Silent for a Long Time in the Cryptocurrency World is Returning to the Market! Here Are the Details

Jump Crypto, which has been silent for a long time in the Crypto world, is once again coming to the public's attention after years of low-profile work.

Jump Crypto Breaks Its Silence: "We Are Ready to Rebuild and Share"

The company emphasized in its recent statement that it has never halted infrastructure construction despite the challenges faced in the past, conveying the message that "we are ready to build the next frontier of crypto technology."

Jump Crypto, although still seen by many as a major market maker and high-frequency trader, now wants to position itself as a serious infrastructure developer. In the company's statement, it was noted that "Seeing us merely as a trader is insufficient. We are now building much more."

Jump Crypto had drawn public attention in 2021 with its relationship with the TerraUSD (UST) stablecoin.

In December 2024, Tai Mo Shan, a subsidiary of the company accused of misleading investors during the temporary separation of UST from the dollar in May 2021, signed a settlement agreement with the U.S. Securities and Exchange Commission (SEC) for 123 million dollars.

Additionally, Jump Crypto had also been the subject of criminal investigations for allegedly manipulating the price of UST in conjunction with Terra. The company also suffered significant financial losses due to the collapse of FTX and the collapse of the Terra ecosystem.

One of the most striking events was the hacking of the cross-chain protocol called Wormhole, which was developed in February 2022. The attackers caused a loss of 325 million dollars, while Jump Crypto had to make a compensation payment of 320 million dollars to cover this loss.

After these negative developments, Jump Crypto had largely withdrawn from the public eye. However, its new statements indicate that the company is presenting a vision again. Highlighting its developer identity, Jump Crypto states that it will focus on areas such as decentralized infrastructure, cross-chain interoperability, and secure protocols in its future roadmap.

The company that wants to regain trust in the Crypto markets emphasizes that it has learned from past mistakes and will act this time with principles of transparency and accountability.

*It is not investment advice.

Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking immediately by downloading our Android and IOS applications!