US Charges 18 Firms and Individuals With Crypto Manipulation
Eighteen companies and individuals are facing charges related to alleged fraud and manipulation in cryptocurrency markets.
The charges, which were unsealed in Boston, concern the leaders of four cryptocurrency companies, four cryptocurrency financial services firms known as “market makers” and employees of those firms, the U.S. Attorney’s Office, District of Massachusetts, said in a Wednesday (Oct. 9) press release.
Four defendants have pleaded guilty, another has agreed to plead guilty, and three others were apprehended by authorities this week, according to the release.
In addition, more than $25 million in cryptocurrency has been seized and multiple trading bots have been deactivated, the release said.
The charging…
