According to breaking information, the US Commodity Futures Trading Commission (CFTC) started investigating Jump Crypto.
The Commodity Futures Trading Commission (CFTC) is currently investigating Jump, a Chicago-based trading firm, for its involvement in the crypto industry. The investigation includes reviews of Jump's trading and investment activities.
The investigation follows a tumultuous three years for Jump, which is known for its expertise in algorithmic trading. Jump was one of the most active market makers and investors in the crypto industry before being involved in a series of hacks and crashes. The company has since scaled back its crypto efforts, canceling two of its high-profile projects and withdrawing from the spot Bitcoin ETF race.
Jump was again embroiled in controversy in February 2023 when the SEC filed a lawsuit against Terraform Labs and its founder, Do Kwon, who founded the bankrupt TerraUSD stablecoin. The SEC charged Terraform and Kwon with fraud but did not file charges against Jump. Following a trial this spring, the jury sided with the SEC in April.
*This is not investment advice.
