MyTrade founder fined $10K over crypto wash trading
MyTrade founder fined $10K over crypto wash trading
Liu Zhou pleaded guilty to conspiracy to commit market manipulation and wire fraud.MyTrade bots generated millions of dollars in daily wash trades for about 60 cryptocurrencies.An FBI operation used the NexFundAI token to expose MyTrade’s market-manipulation services.MyTrade has shut down its wash-trading bots and acknowledged that its “Volume Support” service was illegal.