❗️Four cryptocurrency companies and 14 individuals have been indicted in what U.S. prosecutors on Wednesday called the first criminal prosecution of financial firms for market manipulation and wash trading in the cryptocurrency sector.

ℹ️ Federal prosecutors in Boston indicted Gotbit, ZM Quant, CLS Global, and MyTrade, as well as their executives and employees, in an operation that also included arrests overseas. Five people have already agreed to plead guilty or have done so.

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