Not shocked!

Not shocked!

Another one gone

Three years of sewing machine

Former fintech CEO sentenced to 3.75 years in prison for price manipulation!

For the first time, the US judiciary has recognized cryptocurrencies as securities!

Michael Caine, former CEO of Hydrogen Technologies, was sentenced to 3.75 years in prison for manipulating the price of HYDRO tokens! This is the first time in the history of the US judiciary that cryptocurrencies have been recognized as securities, and a landmark moment has arrived! ⚖️💸

🚨Event review:

- Character: Michael Caine, former CEO of Hydrogen Technologies, was convicted of price manipulation and electronic fraud.

- Verdict: Sentenced to 45 months in prison (3.75 years), and accomplice Shane Hampton was also sentenced to 35 months.

- Background: Caine and Hampton hired an external company, Moonwalker, to use trading robots to manipulate the price of HYDRO tokens on the crypto platform, making illegal profits of approximately $2 million.

🔥Important breakthroughs:

- Judicial innovation: For the first time, a federal jury has recognized that cryptocurrencies are securities and price manipulation constitutes securities fraud. The SEC (U.S. Securities and Exchange Commission) continues to increase its supervision of the crypto market, and has filed lawsuits against 68 cryptocurrencies in 2022.

📉 Market impact:

- Investors need to be vigilant: The crypto market may usher in more regulatory storms, and investors need to be vigilant about similar manipulation and protect their own interests.

- Legal precedent: This judgment sets a legal precedent for similar cases in the future, and the cryptocurrency market will face stricter supervision.

🚀 Follow-up attention:

- Market reaction: How will the cryptocurrency market respond to this judicial breakthrough? Will more project tokens be identified as securities?

- Investment strategy: Investors need to adjust their strategies, pay close attention to the SEC and judicial trends, and guard against potential risks.

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