News with the tag "Wash Trading"

An estimated 89% of DEX pools associated with potential pump-and-dump schemes appear to be exploited by the address that originally created the pool. The other 11% are likely rugged by addresses financially supported by the pool creator or token deployer. In certain cases, the same funding source ap...

From failed memecoin stunts and attempted teenage rug pulls on Pump.fun to fake FBI tokens, 2024 didn’t disappoint.

The U.S. Department of Justice (DOJ) is charging the founder and CEO of crypto firm Gotbit with wire fraud and conspiracy to commit market manipulation and wire fraud. In a new press release, the U.S. Attorney’s Office of the District of Massachusetts is alleging that 26-year-old Russian national Al...

Blockchain betting platform Polymarket is under the spotlight as questions have been raised about its reliability.

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.

Wash Trading by Token Issuers Continues to Plague Crypto Markets: Kaiko Report The crypto space continues to be impacted by wash trading, a practice that artificially inflates token prices and trading volumes, according to a recent report by Kaiko cited by Bloomberg. The report highlights that wash ...

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 ...

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 See...

The meme coin industry is undoubtedly one of the fastest-growing sub-sectors in crypto. As of October 10, CoinMarketCap data shows that the total market cap of all meme coins exceeds $47 billion. Dogecoin, Shiba Inu, and Pepe top the list, commanding billions and, in some instances, hundreds of mill...

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...