
Zach Rynes | CLG|Jun 19, 2025 03:51
Jump is back, crime season is real
One of the most demoralizing parts of crypto is that there’s ~zero accountability for bad actors
Just go into hiding for a few years until people have forgotten about your crimes and then re-appear like nothing happened
Never mind the fact Jump “allegedly”extracted 1B+ from retail investors by propping up the Terra ponzi before its collapse via a undisclosed agreement with Do Kwon (CFTC case, pled the 5th)
They’re proud to talk about how they built Pyth, but won’t tell you they built it in direct collaboration with SBF (FTX + Alameda)
They’ll talk about building Wormhole, but nevermind it experienced one of the largest bridge hacks in history and its most notable user is just a Jump portfolio company
Beware of the wolves in sheep’s clothing, who come in to build tech that directly facilitats their ability to extract value from retail
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