Four Crypto Firms Indicted for Market Manipulation in Major US Crackdown
- The case highlights a pivotal U.S. legal effort against fraud in the cryptocurrency market.
- The global arrests and charges highlight the need for international cooperation in regulating cryptocurrencies.
In a major crackdown on fraudulent activities in the cryptocurrency market, federal prosecutors in Boston have charged Gotbit, ZM Quant, CLS Global, and MyTrade, along with their leaders and employees, with market manipulation and sham trading. This action may have been influenced by the recent CNF update on the U.S. Presidential debate where Kamala Harris outperformed Donald Trump, even though cryptocurrency was not mentioned.
The investigation, which led to arrests across multiple countries, has resulted in five individuals…
