📰 PANews On June 26, two men were convicted for manipulating the price of Hydrogen Technology's cryptocurrency HYDRO and defrauding investors, the U.S. Department of Justice reported. 😱 Shane Hampton was sentenced to 2 years and 11 months in prison, and Michael Kane was sentenced to 3 years and 9 months in prison.

🔍 The Department of Justice stated that this is the first time a cryptocurrency has been considered a security in a federal criminal case and that manipulating cryptocurrency prices constitutes securities fraud.

📉 Kane and Hampton used trading robots through a South African company called Moonwalkers Trading Limited to manipulate the price of HYDRO from 2018 to 2019. They made a profit of approximately $2 million.