🔥Hot off the press! Hydrogen Technology execs Michael Kane & Shane Hampton are heading to the slammer for fraud & securities manipulation. A federal jury has ruled that manipulating crypto prices is securities fraud, a first in the industry!💥
Kane, the CEO, got 3 years & 9 months while Hampton, the head of financial engineering, received 2 years & 11 months. They used a bot to manipulate the HYDRO token price, making $2 million in profits from selling at inflated prices.🤑
This case is a landmark - the first time a jury has found a cryptocurrency to be a security. Last year, Hydrogen Tech was fined nearly $2.8 million & Kane was fined $260,206 for violating securities law.🚨
What do you think about this verdict? Is it a step in the right direction for crypto regulation? Drop your thoughts below!👇 #CryptoNews #Blockchain #JusticeServed