wash trading – DIGIT INFO

SEC Hits Market Makers With Fraud Charges for Misleading Crypto Investors

DIGIT — Sat, 12 Oct 2024 00:31:20 +0000

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 like wash trading, aimed to fabricate the illusion of active trading, violating securities laws. The SEC seeks penalties, including bans and disgorgement, […]

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FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case

DIGIT — Fri, 11 Oct 2024 02:01:25 +0000

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 artificially inflating trading volumes to deceive investors. FBI Seeks Victims in Major Cryptocurrency Fraud Investigation The Federal Bureau of Investigation (FBI)’s Boston Division is calling on […]

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

DIGIT — Thu, 10 Oct 2024 00:16:22 +0000

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 the seizure of $25 million in cryptocurrency. As part of “Operation Token Mirrors,” the Federal Bureau of Investigation (FBI) created a […]

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

DIGIT — Wed, 09 Oct 2024 21:53:41 +0000

A complex set of overlapping companies, individuals and alleged crimes have been tackled by US federal authorities.

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3 ways traders can avoid trading tokens with manipulated volumes

DIGIT — Sun, 30 Jun 2024 20:30:00 +0000

Manipulated trading volumes are rampant on some crypto exchanges. Here are three ways to use data to avoid being washed out.

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Decentralized exchanges a magnet for crypto wash traders: Solidus Labs

DIGIT — Wed, 13 Sep 2023 01:07:38 +0000

Token deployers and liquidity providers wash-traded over $2 billion worth of crypto on Ethereum-based DEXs since 2020, a Solidus Labs report claims.

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

DIGIT — Wed, 14 Jun 2023 02:35:00 +0000

While several theories emerged, the Binance CEO asserted that no BTC or BNB trading activity is happening behind the scenes.

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

DIGIT — Fri, 14 Apr 2023 20:19:57 +0000

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, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an […]

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

DIGIT — Thu, 06 Apr 2023 02:16:29 +0000

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.

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

DIGIT — Wed, 22 Mar 2023 21:10:26 +0000

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 have been charged by the organization for promoting tron without disclosing that they were being compensated for their endorsements. Tron […]

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