At the age of 25, Chicago-based trading giant Jump Trading’s 25-year-old Kanav Kariya rose from intern to head of cryptocurrency operations. Kanav Kariya is no longer with the company. The announcement comes after Fortune revealed last week that the company’s cryptocurrency transactions are being looked into by the U.S. Commodity Futures Trading Commission.
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.”
In 2021, word leaked out of his appointment as president. In the wake, the company had several setbacks. Jump had to cover its losses out of pocket after the Wormhole cryptocurrency bridge, which it funded, was breached in early 2022, losing over $300 million. Subsequently, Do Kwon’s Terra/Luna project went awry, resulting in criminal charges against Kwon once more.Before it collapsed, Jump reportedly made more than $1 billion from that ecosystem, according to US officials.
When he was hired as president of Jump Crypto, he was only 25 years old. He is 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 stated on X Monday.