Jump Trading Drags FTX Estate to Court Over $264M Serum Token Loan
Jump Trading’s Tai Mo Shan subsidiary is seeking nearly $264 million in damages over a failed delivery of SRM tokens – more than the protocol’s current market cap.
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Jump Trading’s Tai Mo Shan subsidiary is seeking nearly $264 million in damages over a failed delivery of SRM tokens – more than the protocol’s current market cap.
Lax security practices seemed to be a feature of the former crypto trading titan.
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.