Cryptocurrency Markets: In Massachusetts, 18 Individuals and Entities Charged with Large-Scale Fraud🚨
💡 The U.S. Department of Justice has charged 18 individuals and organizations, including leaders of four cryptocurrency companies and several financial firms involved in manipulating cryptocurrency markets. The accused used pump-and-dump schemes, artificially inflated token prices, and conducted fake trades (“wash trades”) to lure new investors and sell assets at higher prices. During the operation, over $25 million in cryptocurrency was seized, and several trading bots were shut down.
🔗 Read more: U.S. Department of Justice
