Earlier today, U.S. federal prosecutors charged crypto trading firms Gotbit, ZM Quant, CLS Global and MyTrade and their employees with market manipulation and fraud. Notably, a CoinDesk report in 2019 detailed how Alexey Andryunin, the co-founder of Gotbit and one of the individuals charged by prosecutors, built a business out of faking exchange volumes for tiny crypto tokens using trading bots to get listed on price aggregators like CoinMarketCap.
Related posts
-
A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve
If the United States boldly leaps into action with a strategic bitcoin reserve under the Trump... -
Bitcoin price is still undervalued, MVRV indicator shows
Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular... -
Crypto hedge funds set records, Saylor proposes Bitcoin reserve, Riot Platform raises over $594m | Weekly Recap
Crypto hedge funds post exceptional returns, Riot secures massive funding, and North Korean hackers set new...