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MyTrade Head First to Plead Guilty Among Group of Firms Accused of Gaming Markets

[Oct 30 9:00 PM] The U.S. Department of Justice said it secured a guilty plea from the operator of crypto "market maker" MyTrade, which was one target in a wide-ranging sting that brought manipulation charges to multiple firms and individuals earlier this month.

SEC Hits Market Makers With Fraud Charges for Misleading Crypto Investors

[Oct 11 11:30 PM] The U.S. Securities and Exchange Commission (SEC) has charged multiple market makers and individuals with manipulating crypto asset markets, alleging they created fake trading activity to mislead retail investors. These schemes, including practices…

FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case

[Oct 11 1:30 AM] The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and…

FBI Creates Crypto Token to Expose Fraud — Seizes $25M in Cryptocurrency, Charges 18

[Oct 9 11:30 PM] Eighteen individuals and entities have been charged with fraud and market manipulation in the cryptocurrency industry. The charges involve deceptive practices such as wash trading and pump-and-dump schemes that inflated token prices, resulting in…

SEC, FBI, DOJ coordinate takedown of 4 fraudulent crypto firms

[Oct 9 9:53 PM] A complex set of overlapping companies, individuals and alleged crimes have been tackled by US federal authorities.

3 ways traders can avoid trading tokens with manipulated volumes

[Jun 30 2:30 PM] Manipulated trading volumes are rampant on some crypto exchanges. Here are three ways to use data to avoid being washed out.

Binance Fired Investigator Who Uncovered Market Manipulation at Client DWF Labs: WSJ

[May 9 4:51 AM] A Binance team found that "VIP" clients – those trading more than $100 million per month – were engaging in pump-and-dump schemes and wash trading, the Wall Street Journal said.

Billion-Dollar Volumes and Then a Steep Drop Prompts Allegations of Wash Trading on Aevo

[Mar 15 11:55 AM] In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop.

Decentralized exchanges a magnet for crypto wash traders: Solidus Labs

[Sep 12, 2023 7:07 PM] Token deployers and liquidity providers wash-traded over $2 billion worth of crypto on Ethereum-based DEXs since 2020, a Solidus Labs report claims.

Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB

[Jun 13, 2023 7:45 PM] While several theories emerged, the Binance CEO asserted that no BTC or BNB trading activity is happening behind the scenes.

Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case

[Apr 14, 2023 12:00 PM] Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy…

OpenSea collector fat fingers a 100 ETH bid for a free NFT

[Apr 5, 2023 8:16 PM] Some pundits have argued the trader mistakenly put up a bid for 100 ETH which was quickly snapped up, while others believe the sale was a wash trade.

SEC Sues Tron Founder Justin Sun for Market Manipulation and Offering Unregistered Securities

[Mar 22, 2023 3:10 PM] The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers…

Wash trading will cause crypto’s next implosion: Mark Cuban

[Jan 5, 2023 10:15 PM] The majority of centralized exchange volume is fake, according to the billionaire investor and Dallas Mavericks owner.

70% of unregulated exchange transactions are wash trading: NBER study

[Dec 29, 2022 4:30 AM] The researchers found that in some exchanges, the wash trading volume can go as high as 80%.