Top Cryptocurrency News for the Morning of October 10
đ” The US Department of Justice has filed charges against cryptocurrency market-making companies Gotbit, ZM Quant, CLS Global, MyTrade, as well as 14 individuals, including their executives and employees.
đ” In Portugal, at the request of the United States, the head of the cryptocurrency market-making company Gotbit, Alexey Andryunin, was arrested. This arrest, along with others, took place in connection with the charges brought by the US Department of Justice against Gotbit and three other companies â ZM Quant, CLS Global, and MyTrade.
đ” Global investment bank UBS remains optimistic about the market outlook despite growing geopolitical tensions in the Middle East. Despite concerns about fighting between Israel and Hezbollah and missile attacks from Iran, oil prices remain stable, gold remains near all-time highs, and fears of a recession in the United States are easing.
đ” Eighteen individuals and organizations have been charged with fraud and manipulation in the cryptocurrency market. The charges relate to deceptive practices such as wash trading and pump-and-dump schemes, which artificially drove up token prices, leading to the seizure of $25 million in cryptocurrencies. As part of Operation Token Mirrors, the FBI created a fake cryptocurrency company and token to expose market fraud.
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