Citing people familiar with the matter, Forbes reported that the U.S. Commodity Futures Trading Commission (CFTC) is investigating the cryptocurrency business of Chicago-based trading company Jump Crypto, including its trading and investment activities, but this investigation does not mean that Evidence of misconduct.

Known for its expertise in algorithmic trading, Jump Trading has become one of the most active market makers and investors in the cryptocurrency industry in recent years, but has also been involved in a series of hacks and crashes.

The investigation comes after a tumultuous three years for Jump, according to people familiar with the matter.​

Known for its expertise in algorithmic trading, Jump publicly announced the launch of its cryptocurrency arm, Jump Crypto, in September 2021 and has since become one of the most active market makers and investors in the cryptocurrency industry. However, the company has also been involved in a number of negative incidents over the past three years. This includes financing the cross-chain protocol Wormhole to cover $325 million in hacking losses, and nearly $300 million in losses due to the collapse of FTX.

The CFTC’s investigation into Jump’s cryptocurrency operations reflects the regulator’s growing focus and oversight of the crypto market, but it remains unclear whether the agency is considering bringing charges against Jump.

This article Forbes: US CFTC is investigating Jump Crypto first appeared on Zombit.