The CFTC is probing Jump Crypto | Fortune Crypto
Powered by @unfolded- The Commodity Futures Trading Commission is investigating the Chicago-based trading firm Jump’s involvement in crypto, including its trading and investing activities.
- Jump, known for its expertise in algorithmic trading, has faced turbulence in its crypto efforts, including being implicated in hacks and collapses, leading to scaling back its crypto division and projects.
- Jump played a significant role in the crypto sector as a market maker and venture investor but faced challenges such as a $325 million hack and losses in the collapse of FTX.
- The CFTC's investigation into Jump's crypto business is part of the latest probe by a federal agency, and it is not evidence of wrongdoing, but it reflects the agency's scrutiny of companies falling under its jurisdiction.
https://fortune.com/crypto/2024/06/20/cftc-jump-crypto-behnam-kanav-kariya-sec/