The Justice Department has filed fraud and wash trading charges against companies like Gotbit, CLS Global, MyTrade, and ZM Quant. The companies allegedly deceived investors by falsely increasing the trading volume of cryptocurrencies. 🚨

- Wash trading is a well-known problem in the crypto world.

- Alexey Andryunin admitted to founding a company that conducted such transactions in 2019.

- The FBI investigated the case with a fake token, NexFundAI.

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