The complaint alleges the two companies pumped the price of their cryptocurrency by falsely claiming they had acquired $10 billion in gold bullion to back it.
Source
SEC Accuses 2 Firms of Crypto Pump-and-Dump Scheme
Related posts
-
What’s Next For The Crypto?
Ethereum price remained in a bearish zone below $3,250 zone. ETH dived below the $3,000 support... -
Crypto Exchanges in South Korea Address Rumors of Mass Altcoin Delistings, Say Fears Overblown: Report
Crypto exchanges in South Korea are reportedly trying to dispel fears that the country’s new digital... -
Why High Volatility in Crypto Assets Can Be a Good Thing for Investors
A. With respect to correlation, a volatile asset like crypto is actually very important to decrease...
