Jump’s Kariya, Who Went From Intern to Crypto Leader, Is Leaving Trading Giant

Kanav Kariya, who rose from intern to head of cryptocurrency at Chicago-based trading heavyweight Jump Trading at the age of 25, has left the company.

The news follows a Fortune report last week that the U.S. Commodity Futures Trading Commission was investigating the company’s crypto transactions.

Kariya shared on X Monday that he debuted today: “It’s a moment that I welcome with both a heavy heart and great excitement about the road ahead.”

His appointment as president was announced in 2021. The company subsequently faced a series of setbacks. The Wormhole cryptocurrency bridge backed by Jump was hacked for more than $300 million in early 2022, leading Jump to recoup the losses out of its own pocket. And then Do Kwon’s Terra/Luna project blew up and Kwon was accused again. US officials say Jump earned more than $1 billion from this ecosystem before its dissolution.

Today marks the end of an incredibly personal journey for me. This is my last day at Jump, a moment I welcome with both a heavy heart and great excitement for the road ahead. I leave with a series of wonderful relationships and unique, invaluable and formative experiences. Her…

— Kanav Kariya (@KanavKariya) June 24, 2024

He was only 25 years old when he took the position of president of Jump Crypto. Now, in his late 20s, “I plan to continue my involvement with the portfolio companies I’m most involved with and hopefully take some time to process the incredibly eventful few years we’ve had,” X said on Monday.

UPDATE (June 24, 2024, 14:55 UTC): Fortune story added to CFTC investigation.