DoJ, SEC charge ‘crypto’ market makers with market manipulation
A handful of ‘crypto’ market makers (MMs) have been charged with market manipulation and fraud for artificially inflating the fiat price of a handful of memecoins but also—gasp!—the mighty BTC.
On October 9, the U.S. Attorney’s Office for the District of Massachusetts announced charges against 14 individuals and four entities accused of “widespread fraud and manipulation in the cryptocurrency markets.” The feds seized over $25 million worth of tokens along with “multiple” trading bots used in the wash trading of certain…
