Jump Trading is a Chicago-based financial company known for high-frequency trading before founding Jump Crypto to focus on the cryptocurrency business
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Aug 9
However, Jump made huge profits through secret trading in an attempt to restore the fixed exchange rate of TerraUSD (UST), but ultimately failed to avoid the collapse of UST, which caused global investors to lose about $40 billion. Similarly, this incident also put Jump Trading in a reputational crisis. As the Terra case progressed, the SEC began investigating whether the president of Jump Crypto entered into a secret agreement with Do Kwon during the UST crash, whereby Jump Crypto was accuse...

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