The US Justice Department Opens Investigation Into Crypto Price Manipulation

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The US Department of Justice has launched an investigation into possible crypto price manipulation by crypto traders, reports Bloomberg. Quoting four people familiar with the situation, the report indicates that the DOJ’s prosecutors are working in partnership with the Commodity and Futures Trading Commission to probe the matter. The DOJ believes that digital currencies are highly susceptible to fraud, especially given the sector’s lack of regulation. Fake Orders And Spoofing The investigation will focus on a number of illegal activities that traders can use to manipulate the price of cryptos, one of which is spoofing. Spoofing is when traders initiate large

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