Comment on US sting operation catches crypto firms 'wash trading' to boost token values

US sting operation catches crypto firms 'wash trading' to boost token values

Getty Images; Alyssa Powell/BIA tip from the SEC led federal prosecutors to set up a fake company to bust crypto market manipulators.The firms are charged with "wash trading," artificially increasing trade volume to boost token prices.The case marks the first such charges against crypto firms, prosecutors say.Federal prosecutors are getting creative in order to catch bad actors in the cryptocurrency market.

 

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