According to the latest information, the US Commodity Futures Trading Commission (CFTC) has begun investigating Jump Crypto.
The Commodity Futures Trading Commission (CFTC) is currently investigating Jump, a Chicago-based trading firm, for its involvement in the cryptocurrency industry.
The investigation includes reviews of Jump’s investment and trading practices.
The investigation comes after three tumultuous years for Jump, which is known for its expertise in algorithmic trading.
Jump is one of these market maker and most active investor in the cryptocurrency industry before being involved in a series of hacks and incidents.
Since then, the company has scaled back its crypto operations, canceled two high-profile projects and pulled out of the Bitcoin spot ETF race.
Jump is once again embroiled in controversy February 2023 when the SEC filed suit Terraform Labs and Do Kwon, who founded the stablecoin TerraUSD.
The SEC charged Terraform and Kwon with fraud but did not bring charges against Jump.
Notorious Market Maker Jump Trading Faces Accusations of Making $1.3 Billion by Manipulating LUNA-UST Price
