Jump Trading Group’s cryptocurrency arm, known as Jump Crypto, has debunked internet rumors that it could shut down as a result of FTX’s losses.

On Nov. 17, the company said in a tweet that “Jump Crypto will not go under. We believe we are one of the cryptocurrency companies that is well funded and highly liquid in today’s market. Please note that I continue to participate in “investing and trade”.

On Nov. 12, the cryptocurrency firm tweeted that it was surprised by the events surrounding FTX, but informed its clients that “FTX exposure was managed in accordance with our risk plan and we remain well funded.” .

Despite assurances made by Jump Crypto to the contrary, the cryptocurrency community continues to exercise extreme caution in the wake of the FTX crash and the ensuing repercussions of this event. Knower, an expert on the market, made the following statement in a tweet: “Jump crypto will genuinely tweet claiming they are ok and will not shut down but 157 replied that guys and threads will argue they are lying (because SBF said the same thing) ).”

There seems to be less trust in the cryptocurrency community as a result of recent events, including the FTX crash and the events that followed. Sam “SBF” Bankman-Fried, who served as FTX’s CEO before the company filed for bankruptcy, questioned whether the “shit show” that was FTX had any financial effect on FTX US before FTX filed. bankrupt. Previously, Bankman-Fried took the position that “any user can fully withdraw (subject to gas charges, etc.)” from FTX US. It immediately became apparent that this was not the case as soon as FTX Group, including FTX US, filed for Chapter 11 bankruptcy protection.

Following the collapse of FTX, BlockFi found itself in a similar situation and at first denied rumors of financial difficulties.

A few days after assuring customers that all of BlockFi’s products were “fully working,” founder and COO Flori Márquez reportedly said the company was on the verge of filing for bankruptcy due to reports that most of its assets were held in the extinct FTX market. . This statement comes after Marquez had previously assured customers that all BlockFi products were “fully working.”