The CFTC is Investigating Jumping Crypto
2024-06-20 15:50:47
The U.S. Commodity Futures Trading Commission (CFTC) is investigating the crypto business of Chicago-based trading firm Jump Crypto, including its trading and investment activities, according to Forbes, citing sources familiar with the matter. Although there is currently no evidence of wrongdoing, the investigation reflects the regulator's growing focus on and oversight of the crypto market. Jump Crypto launched its crypto division in 2021 and quickly became a significant market maker and investor in the crypto industry. However, in recent years, the company has experienced a series of challenges, including being involved in the Wormhole hack and the collapse of FTX.
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