Der Krypto-„Market Maker“ wurde beim Wash-Trading mit einem von der Regierung erstellten Token erwischt

tldr; Prosecutors in Boston charged 14 individuals with crimes involving crypto companies GotBit, CLS Global, MyTrade, and ZM Quant. This marks the first criminal prosecution for market manipulation in the crypto sector. Employees were caught wash trading a token, NexFundAI, created by the feds. The scheme involved pump-and-dump tactics under the guise of market making. The FBI created its own token to catch the fraudsters. The SEC filed a parallel civil action against individuals for creating false trading markets.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Not going to be nice when we realise 99% companies we believed in were manipulating the market

Hopefully the feds get those guys that ran the enhance/bitburn scam