Kanav Kariya is leaving Jump Crypto after serving as the firm's president for nearly three years. Last week, the CFTC launched an investigation into Jump.
Kanav Kariya, president of the venture firm Jump Crypto, is leaving after three years in his role. He announced the departure on the social media platform X, noting that June 24 was his last day at Jump.
"As for what’s next, 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," Kariya said. "It’s also a greatly welcome opportunity for me to catch up on relationships and reading that I had set on the back burner. Barring that, I’m going to attempt to be patient for inspiration to deeply strike until I manically commit myself to the next effort.
Kariya had previously served as Jump Crypto’s Director of Strategic Initiatives for Digital Assets and a quantitative researcher before becoming president in 2021, according to his LinkedIn profile. Last week, the United States Commodity Futures Trading Commission launched an investigation into Jump. The probe revolves around the firm's trading, investing, and other crypto involvement, but it is not an indication of wrongdoing. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space.
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