💨 Abstract

prosecutors charged four cryptocurrency firms and 14 individuals in the first criminal case of market manipulation and sham trading in the crypto sector. The companies, including Gotbit, ZM Quant, CLS Global, and MyTrade, are accused of engaging in pump-and-dump schemes, artificially inflating trading volume, and secretly selling off tokens. The largest company involved, Saitama, had a market value of $7.5

Courtesy: theprint.in

Summarized by Einstein Beta 🤖