Internet reports that the FTX losses would force the closure of Jump Trading Group's cryptocurrency branch, Jump Crypto, have been debunked.
Jump Crypto would not fail, the company claimed in a tweet on November 17.
On November 13, the cryptocurrency trading company tweeted that it was shocked by the developments surrounding FTX but reassured its clients that their exposure to FTX had been managed in accordance with their risk plan and that they were still financially sound.
The cryptocurrency community continues to move forward with great caution in the wake of FTX's demise and the effects that followed, despite Jump Crypto's claims to the contrary. The exchange where Sam Bankman-Fried's business was previously located is still a target for the authorities.