Executives from one client were lured on a 'business trip' to Montenegro, where they were kidnapped and forced to empty their wallets. Total loss ~$1INCH
We investigated the on chain activity and contacted our partner today to freeze the wallet, as all funds were taken in USDT and transferred to the Tron wallet. We were able to freeze approximately $11.8 million of the $12.5 million stolen.
In a deposition as part of the SEC's civil suit against Terraform Labs, Jump Crypto president Kanav Kariya avoided answering questions about an alleged back-door deal, invoking his Fifth Amendment right to resist self-incrimination.
The SEC has been investigating whether Jump helped restore UST's peg by purchasing the token and, in exchange, whether Kwon would allegedly amend Jump's LUNA loan agreement and lift the vesting conditions.