US Charges Four Crypto Firms For Market Manipulation
Federal prosecutors in Boston charged Gotbit, ZM Quant, CLS Global, and MyTrade, along with their leaders and employees, with market manipulation and sham trading in cryptocurrency.
The investigation led to arrests abroad, and five people have already pleaded guilty or agreed to do so. The prosecution is, above all, regarded as a milestone in efforts to root out fraud in the crypto industry.
US Cracks Down on Market Manipulation and Crypto Fraud: Five Plead Guilty
Four companies involved—Gotbit, ZM Quant, CLS Global, and MyTrade—and their 18 leaders and employees face charges related to market manipulation.
BOSTON, Oct 9 (Reuters) – Four cryptocurrency companies and 14…
