💨 Abstract

authorities have charged four cryptocurrency companies and 14 individuals for market manipulation and sham trading in the first criminal prosecution of financial services firms in the crypto sector. The companies involved are Gotbit, ZM Quant, CLS Global, and MyTrade. Five individuals have already agreed to plead guilty or have done so. The arrests included overseas cases as well.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖