**Crypto News Flash: Jump Trading's Blockchain Arm May Have Closed**

Crypto podcaster Jonah Van Bourg suggests that Jump Trading, the market maker linked to Ether's (ETH) price crash on Aug. 5, might have shut down its blockchain development division.

- Van Bourg, co-host of the 1000x crypto podcast, believes Jump's quantitative trading operations are still active and profitable.

- Jump drew attention after selling around $400 million worth of wsETH, contributing to ETH's sharp decline.

- The company has not commented on these asset sales or responded to Cointelegraph's inquiries.

- Jump's head of digital assets, Kanav Kariya, stepped down in June amid a CFTC investigation.

- In 2022, Jump intervened in a $321 million exploit of the Wormhole bridge, which it backed.

Stay tuned for more updates!