$HMSTR
🤑⛔ Official Popular Market Maker Hamster Combat Arrested by FBI in Portugal for Fraud, Money Laundering, and Fraudulent Market Manipulation.
⚡️ For the first time in US history; Several cryptocurrency market makers have been arrested by the FBI and charged with large-scale fraud.
⚡️ Boston Feds File First Criminal Charges Against Several Financial Firms for Market Manipulation
⚡️ Gutbit CEO Alexey Andrionin Arrested in Portugal at FBI Request and Awaits Extradition to the US.
🤑 ot Bit partnered with Hamster Combat and was supposed to act as a market maker for the HMSTR$ token. The CEO’s arrest likely caused the token to drop 11% yesterday on the news.
⚡️ 18 additional individuals and entities were also charged with widespread fraud and market manipulation, and more than $25 million in cryptocurrency was seized.
⚡️ According to the indictment, the defendants artificially inflated trading activity to create the appearance of active trading activity that helped position the tokens as sound investments. These deceptive practices apparently attracted new buyers, which drove up asset prices.The defendants then sold their coins at high prices.
