The US Commodity Futures Trading Commission (CFTC) has launched an investigation into Jump Crypto, a Chicago-based trading firm heavily involved in the cryptocurrency industry. Known for its expertise in algorithmic trading, Jump has faced a series of challenges in recent years, including hacks and crashes that led to a scaling back of its crypto efforts. The CFTC is now reviewing Jump’s trading and investment activities as part of its investigation.
In February 2023, Jump faced further controversy when the SEC filed a lawsuit against Terraform Labs and its founder, Do Kwon, who was involved in the bankrupt TerraUSD stablecoin. While the SEC charged Terraform and Kwon with fraud, no charges were filed against Jump. Following a trial earlier this year, the jury sided with the SEC in April.
Despite these challenges, Jump remains active in the crypto industry, with projects underway and a continued presence in the market. Investors should exercise caution and conduct thorough research before making any investment decisions in this volatile market.
For those interested in investing in cryptocurrencies, Binance exchange offers access to over 300 cryptocurrencies with a 20% commission discount through this link. Stay updated on the latest news, analytics, and on-chain data by following our Telegram and Twitter accounts.
