Federal prosecutors have charged two market makers, several crypto projects, and a number of individuals for manipulating various crypto markets. The alleged market makers conducted wash trading to create the appearance of legitimate activity and sold manipulated coins at inflated prices. They marketed these coins on different platforms and convinced exchanges to enable them to purchase tokens with reduced fees. The individuals claimed to be legitimate market makers offering legal services but privately provided illegal services, including wash trading. The tokens manipulated included robo inu, which experienced a pump following the indictment.



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