For the first time ever, federal prosecutors have taken action against crypto market makers, marking a monumental shift in crypto law enforcement! âď¸đĽ
Key Highlights:
18 Charged: Major firms like Gotbit, ZM Quant, CLS Global, and MyTrad are in the spotlight as heads face serious charges for market manipulation and wash trading.
Guilty Pleas & Arrests: Four defendants have already pleaded guilty, with arrests taking place in Texas, the UK, and Portugal.
$25M Seized: Authorities have confiscated over $25 million in crypto and dismantled trading bots responsible for deceptive activities across 60+ digital assets!
The Scheme: The accused allegedly inflated trading volumes, misleading investors into thinking certain tokens were highly sought after. This deceptive practice lured in new buyers, only for the manipulators to cash out at inflated prices!
This landmark case is a clear message: accountability is coming to the crypto space, and no one is above the law!
Get ready for a new era in cryptocurrency! đ